The prospect of a Dogecoin exchange-traded fund (ETF) finally making its way into the U.S. financial markets has taken a major step forward and now feels more realistic than ever.

Dogecoin交換基金（ETF）最終進入美國金融市場的前景已經向前邁出了重要一步，現在比以往任何時候都更加現實。

This fresh optimism stems from a significant regulatory update: the U.S. Securities and Exchange Commission (SEC) has officially acknowledged the 21Shares filing for a Dogecoin ETF, kicking off the formal review process.

這種新的樂觀源於一項重大的監管更新：美國證券交易委員會（SEC）正式承認為Dogecoin ETF申請了21shares，從而開始了正式的審查過程。

The SEC’s acknowledgment of 21Shares’ DOGE ETF filing signals the start of an official review process. On May 13, the Commission published a notice confirming that Nasdaq’s request to list and trade shares of the 21Shares Dogecoin ETF had been received, kicking off the proposal.

SEC對21shares的Doge ETF申請的認可表示正式審查程序的開始。 5月13日，該委員會發布了一份通知，該通知確認納斯達克要求已收到21shares dogecoin ETF的列出和交易股票的請求，從而啟動了該提案。

However, it is crucial to note that this step does not indicate an approval. Instead, it initiates a period of scrutiny and public comment that can last up to 240 days before a final decision is due. In fact, the SEC’s ultimate deadline for the 21Shares Dogecoin ETF would be January 9, 2026, if all extensions are utilized. But for now, the acknowledgment locks in a timeline and affirms that the agency is actively considering the DOGE fund idea.

但是，至關重要的是要注意，此步驟並不表示批准。取而代之的是，它發起了一段審查和公眾評論，可以持續到240天，然後再決定進行最終決定。實際上，如果利用所有擴展名，SEC的21shares dogecoin ETF的最終截止日期為2026年1月9日。但是就目前而言，確認在時間表中鎖定，並確認該機構正在積極考慮Doge Fund的想法。

21Shares, a Switzerland-based asset manager, filed its initial registration for a spot Dogecoin ETF on April 9. The firm partnered with the Dogecoin Foundation’s corporate arm, known as House of Doge, to help promote the fund. According to the filing, the proposed ETF is designed as a passive trust holding actual DOGE tokens, tracking a benchmark index of the meme coin’s price without using leverage or derivatives. Moreover, Coinbase Custody Trust will serve as the custodian for the fund’s DOGE holdings.

總部位於瑞士的資產經理21 Shares於4月9日對Dogecoin ETF進行了初步註冊。該公司與Dogecoin基金會的公司機構（稱為Doge House of Doge House of Doge）合作，以幫助推廣該基金。根據文件，擬議的ETF被設計為具有的被動信任，持有實際的門檻令牌，在不使用槓桿或衍生物的情況下跟踪模因硬幣價格的基準指數。此外，Coinbase監護權信託將作為基金Doge Holdings的託管人。

The review of the Dogecoin ETF comes at a time when the SEC’s stance on crypto products is shifting.

Dogecoin ETF的評論是在SEC對加密產品的立場正在轉移的時候。

Under the new leadership of SEC Chair Paul Atkins, the agency has shown signs of a more open approach toward cryptocurrency investments. The current administration in Washington is described as more crypto-friendly than its predecessor, and the SEC has recently taken steps like dismissing cases against crypto companies and engaging in crypto-focused discussions with industry stakeholders. This backdrop of a softer regulatory outlook gives the DOGE ETF bid a fighting chance that might not have existed just a couple of years ago.

在SEC主席保羅·阿特金斯（Paul Atkins）的新領導下，該機構顯示了對加密貨幣投資的更開放態度的跡象。華盛頓目前的政府被描述為比其前任更適合加密貨幣，而SEC最近採取了措施，例如駁回針對加密貨幣公司的案件並與行業利益相關者進行以加密貨幣為中心的討論。這種柔和的監管前景的背景使Doge ETF競標了幾年前可能不存在的戰鬥機會。

In addition to 21Shares, several other asset management firms have filed applications to launch Dogecoin ETFs in the United States. Bitwise Asset Management submitted its application for a spot Dogecoin ETF on January 28, with NYSE Arca slated to list the fund. REX Shares, in partnership with Osprey Funds, filed for a Dogecoin ETF in January 2025. Their application is among different memecoins, including products linked to the $TRUMP token and BONK.

除21shares外，其他幾家資產管理公司還提出了在美國推出Dogecoin ETF的申請。 Bitwise Asset Management於1月28日提交了其申請dogecoin ETF，紐約證券交易所ARCA計劃列出該基金。雷克斯（Rex）與魚鷹基金（Osprey Funds）合作，於2025年1月向Dogecoin ETF申請。他們的申請在不同的成員中，包括與$ Trump Token和Bonk相關的產品。

As of mid-May, the SEC is currently reviewing DOGE ETF applications from 21Shares, Bitwise, Grayscale, and the REX-Osprey partnership. Industry analysts estimate a 63% to 75% chance of approval for these ETFs in 2025.

截至5月中旬，SEC目前正在審查21shares，Bitwise，Grayscale和Rex-serprey Partnership的Doge ETF應用程序。行業分析師估計，這些ETF在2025年獲得了63％至75％的批准機會。