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交换基金（ETF）最终进入美国金融市场的前景已经向前迈出了重要一步，现在比以往任何时候都更加现实。

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.

这种新的乐观源于一项重大的监管更新：美国证券交易委员会（SEC）正式承认为Dogecoin ETF申请了21shares，从而开始了正式的审查过程。

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对21shares的Doge ETF申请的认可表示正式审查程序的开始。 5月13日，该委员会发布了一份通知，该通知确认纳斯达克要求已收到21shares dogecoin ETF的列出和交易股票的请求，从而启动了该提案。

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，至关重要的是要注意，此步骤并不表示批准。取而代之的是，它发起了一段审查和公众评论，可以持续到240天，然后再决定进行最终决定。实际上，如果利用所有扩展名，SEC的21shares dogecoin ETF的最终截止日期为2026年1月9日。但是就目前而言，确认在时间表中锁定，并确认该机构正在积极考虑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.

总部位于瑞士的资产经理21 Shares于4月9日对Dogecoin ETF进行了初步注册。该公司与Dogecoin基金会的公司机构（称为Doge House of Doge House of Doge）合作，以帮助推广该基金。根据文件，拟议的ETF被设计为具有的被动信任，持有实际的门槛令牌，在不使用杠杆或衍生物的情况下跟踪模因硬币价格的基准指数。此外，Coinbase监护权信托将作为基金Doge Holdings的托管人。

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

Dogecoin ETF的评论是在SEC对加密产品的立场正在转移的时候。

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主席保罗·阿特金斯（Paul Atkins）的新领导下，该机构显示了对加密货币投资的更开放态度的迹象。华盛顿目前的政府被描述为比其前任更适合加密货币，而SEC最近采取了措施，例如驳回针对加密货币公司的案件并与行业利益相关者进行以加密货币为中心的讨论。这种柔和的监管前景的背景使Doge ETF竞标了几年前可能不存在的战斗机会。

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，其他几家资产管理公司还提出了在美国推出Dogecoin ETF的申请。 Bitwise Asset Management于1月28日提交了其申请dogecoin ETF，纽约证券交易所ARCA计划列出该基金。雷克斯（Rex）与鱼鹰基金（Osprey Funds）合作，于2025年1月向Dogecoin ETF申请。他们的申请在不同的成员中，包括与$ Trump Token和Bonk相关的产品。

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目前正在审查21shares，Bitwise，Grayscale和Rex-serprey Partnership的Doge ETF应用程序。行业分析师估计，这些ETF在2025年获得了63％至75％的批准机会。