21Shares has taken another step toward launching the first-ever spot Dogecoin (CRYPTO: DOGE) ETF, with Nasdaq now filing the 19b-4 form to list and trade the fund.

21Shares迈出了又一步，朝着推出有史以来的第一个斑点Dogecoin（加密：Doge）ETF迈出了一步，纳斯达克现在正在提交19B-4表格以列出和交易基金。

This stage follows the initial S-1 registration filed by 21Shares on April 9, which also announced an exclusive partnership with the House of Doge to develop Dogecoin-backed financial products.

此阶段是由21Shares于4月9日提交的最初的S-1注册，该注册还宣布与Doge House建立独家合作，以开发Dogecoin支持的金融产品。

Why Is the Regulatory Climate More Favorable Now?

为什么现在的监管气候更加有利？

The political and regulatory landscape has shifted significantly in 2025. Following Paul Atkins' appointment as the new SEC Chairman by President Donald Trump, the SEC has shown a distinctly pro-crypto attitude.

政治和监管格局在2025年发生了重大变化。在保罗·阿特金斯（Paul Atkins）任命为唐纳德·特朗普（Donald Trump）总统的新任SEC主席后，SEC表现出了明显的亲克赖特（Crypto）态度。

Atkins has openly criticized the previous administration's approach, which he blames for stifling innovation through excessive regulatory hurdles.

阿特金斯（Atkins）公开批评了上届政府的方法，他将其归咎于通过过度的监管障碍来扼杀创新。

This new leadership has already paved the way for several spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July 2024. Analysts believe this friendlier atmosphere greatly improves the odds for altcoin ETFs, especially Dogecoin, which Bloomberg analysts gave a 75% approval probability earlier this year.

这一新领导层已经为2024年1月的几个比特币ETF铺平了道路，并于2024年7月将以太坊ETF铺平了道路。分析师认为，这种友好的气氛极大地改善了Altcoin ETF的赔率，尤其是Dogecoin，尤其是Dogecoin，Bloomberg Analysts本年初给出了75％的批准概率。

How Likely Is the Approval of a Dogecoin ETF?

Dogecoin ETF的批准有多大可能性？

Given the SEC’s recent history of approving Bitcoin and Ethereum ETFs—not to mention the Trump administration's openly favorable stance toward crypto—there's a strong possibility that a Dogecoin ETF could be greenlighted within months.

鉴于SEC最近批准比特币和以太坊ETF的历史，更不用说特朗普政府公开对加密货币的立场了，很可能会在几个月内绿化狗狗ETF。

Bloomberg Intelligence projected a 75% chance of approval for Dogecoin ETFs, trailing only Litecoin at 90%. The approval process still involves a critical review period once the 19b-4 filing is acknowledged and published in the Federal Register.

彭博情报局预计，Dogecoin ETF的批准机会为75％，仅以90％的速度落后于Litecoin。一旦公认并在联邦公报上发布了19b-4的备案，批准过程仍然涉及关键的审查期。

Assuming no major setbacks, the earliest potential approval could come later in 2025.

假设没有重大挫折，最早的潜在批准可能会在2025年晚些时候得到。

What Impact Could This Have on DOGE Price?

这对Doge价格有何影响？

Historically, ETF approvals for crypto assets have had a bullish impact on their respective token prices. When the spot Bitcoin ETFs were approved in early 2024, Bitcoin's (CRYPTO: BTC) price surged by over 40% in a few weeks.

从历史上看，ETF对加密资产的批准对他们各自的代币价格产生了看涨的影响。当2024年初批准了比特币ETF时，比特币（Crypto：BTC）的价格在几周内飙升了40％以上。

If Dogecoin's ETF gets approved, it could trigger a similar rally, especially given its current modest price around $0.18. A successful Dogecoin ETF would not only attract institutional investors but also reignite retail interest in the meme coin.

如果Dogecoin的ETF获得批准，它可能会触发类似的集会，尤其是由于其当前的适度价格约为0.18美元。成功的Dogecoin ETF不仅会吸引机构投资者，而且还会在模因硬币中重新点燃零售利益。

This could push DOGE back toward its previous all-time highs and beyond. Conservative projections suggest that an ETF launch could drive DOGE to $0.30-$0.40 initially, with further upside if the broader crypto market remains bullish.

这可能会将Do伸向以前的历史最高点及以后。保守的预测表明，ETF的推出最初可能会使Doge升至0.30- $ 0.40，如果更广泛的加密市场仍然看涨，则可以进一步上涨。

Is Dogecoin Ready for Prime Time?

Dogecoin准备好黄金时段了吗？

Created in 2013 as a joke, Dogecoin's enduring popularity, branding, and community have sustained its relevance in the evolving landscape of cryptocurrencies.

Dogecoin持久的知名度，品牌和社区在2013年创建，在不断发展的加密货币景观中保持了其相关性。

Partnering with the Dogecoin Foundation and House of Doge provides further credibility and infrastructure around the project, which may be exactly what institutional investors need to get serious about allocating funds into DOGE.

与Dogecoin Foundation和Doge House合作，围绕该项目提供了进一步的信誉和基础设施，这可能正是机构投资者对将资金分配给Doge的认真程度所需的。

However, investors must remember that Dogecoin remains highly volatile and more meme-driven compared to Bitcoin or Ethereum. Any ETF investment would still carry significant risk, albeit with potentially large rewards if mainstream adoption accelerates.

但是，投资者必须记住，与比特币或以太坊相比，Dogecoin仍然具有高度波动性，并且模因驱动。任何ETF投资仍然会带来巨大的风险，尽管如果主流采用加速，可能会获得可能的巨大奖励。

Final Prediction: Could DOGE Hit New Highs in 2025?

最终预测：Doge可以在2025年达到新高点吗？

If the 21Shares Dogecoin ETF is approved—which seems likely under the new SEC regime—Dogecoin could see an explosive upside movement.

如果21shares dogecoin ETF获得批准（似乎是在新的SEC政权下，DogeCoin可能会看到爆炸性的上升运动。

Considering the historical reactions to ETF approvals and Dogecoin's loyal fanbase, a price rally toward the $0.30-$0.50 range seems plausible by late 2025.

考虑到对ETF批准的历史反应和Dogecoin的忠实粉丝群，到2025年底，价格为0.30- $ 0.50的价格似乎是合理的。

As always in the crypto markets, caution is key. External macro factors, regulatory updates, and broader market sentiment will all play crucial roles in shaping Dogecoin's next big move.

与往常一样，在加密市场中，谨慎是关键。外部宏观因素，监管更新和更广泛的市场情绪将在塑造Dogecoin的下一个重大举动中起着至关重要的作用。