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。

Earlier this year, 21Shares teamed up with the Dogecoin Foundation’s corporate wing, House of Doge, to launch an initiative focused on increasing awareness of Dogecoin and its role in the broader crypto ecosystem. As part of this effort, they filed an application to list a Dogecoin ETF on Nasdaq.

今年早些時候，21shares與Dogecoin基金會的公司部門Doge House of Doge合作，發起了一項旨在提高對Dogecoin及其在更廣泛的加密生態系統中的作用的計劃。作為這項工作的一部分，他們提出了一項申請，以列出納斯達克省的Dogecoin ETF。

SEC Acknowledges NASDAQ’s Filing To List And Trade Shares of 21Shares’ Dogecoin ETF

SEC承認納斯達克的申請列表和交易21Shares的Dogecoin ETF

The SEC’s nod to the 21Shares DOGE ETF filing signals the startup of an official review process. On May 13, the Commission published a notice confirming that Nasdaq’s request to list the 21Shares Dogecoin ETF had been received, which in turn puts the proposal on the public docket.

SEC向21shares Doge ETF提交的點頭表示正式審查過程的創業。 5月13日，該委員會發布了一份通知，確認納斯達克要求收到21shares dogecoin ETF的請求，這反過來又將該提案放在了公共案卷上。

However, it’s crucial to understand that this step does not equal an approval. Instead, it initiates a period of scrutiny and public comment that can span 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，重要的是要了解此步驟不等於批准。取而代之的是，它發起了一段審查和公眾評論，可以在最終決定到期之前240天。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.

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。

Moreover, Coinbase Custody Trust will serve as the custodian for the fund’s DOGE holdings, positioning the ETF to be marketed towards both institutional and retail brokerage channels.

此外，Coinbase監護信託基金將作為基金Doge Holdings的託管人，將ETF定位為將ETF推向機構和零售經紀渠道。

DOGE ETF Race Heats Up. Now Closer Than Ever

Doge ETF種族升溫。現在比以往任何時候都更近

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

Dogecoin ETF的評論是在SEC對加密產品的立場變得更加放鬆的時候。

As the new Chair of the SEC, Paul Atkins has been overseeing a shift in the agency’s attitude towards cryptocurrency investments. The current administration in Washington is also described as more crypto-friendly than its predecessor. Recently, the SEC has taken steps like dismissing cases against crypto companies and is engaging in more discussions with industry stakeholders on cryptocurrency topics.

作為SEC的新主席，保羅·阿特金斯（Paul Atkins）一直在監督該機構對加密貨幣投資的態度的轉變。與前任相比，華盛頓目前的政府對加密貨幣更友好。最近，SEC採取了諸如駁回針對加密公司的案件之類的步驟，並正在與行業利益相關者就加密貨幣主題進行更多討論。

This backdrop of a softer regulatory outlook gives the DOGE ETF bid a better chance that might not have existed just a couple of years ago.

這種柔和的監管前景的背景使Doge ETF競標更有可能僅在幾年前就不存在。

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, 2025, with NYSE Arca being proposed as the listing exchange for the fund.

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2025年1月28日提交了其申請dogecoin ETF的申請，並提議將紐約證券交易所ARCA作為該基金的上市交換。

Meanwhile, REX Shares, in partnership with Osprey Funds, filed for a Dogecoin ETF in January 2025. Their application is among different memecoins, which includes products linked to the $TRUMP token and BONK.

同時，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，其中包括與$ trump代幣和邦克相關的產品。

As of mid-May 2025, 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 within this year.

截至2025年5月中旬，SEC目前正在審查21shares，Bitwise，Grayscale和Rex-sosprey合作夥伴關係的Doge ETF申請。行業分析師估計，今年在這些ETF中獲得了63％至75％的批准機會。