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。

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.

今年早些时候，21shares与Dogecoin基金会的公司部门Doge House of Doge合作，发起了一项旨在提高对Dogecoin及其在更广泛的加密生态系统中的作用的计划。作为这项工作的一部分，他们提出了一项申请，以列出纳斯达克省的Dogecoin ETF。

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

SEC承认纳斯达克的申请列表和交易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提交的点头表示正式审查过程的创业。 5月13日，该委员会发布了一份通知，确认纳斯达克要求收到21shares dogecoin ETF的请求，这反过来又将该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骤不等于批准。取而代之的是，它发起了一段审查和公众评论，可以在最终决定到期之前240天。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.

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。

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监护信托基金将作为基金Doge Holdings的托管人，将ETF定位为将ETF推向机构和零售经纪渠道。

DOGE ETF Race Heats Up. Now Closer Than Ever

Doge ETF种族升温。现在比以往任何时候都更近

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

Dogecoin ETF的评论是在SEC对加密产品的立场变得更加放松的时候。

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.

作为SEC的新主席，保罗·阿特金斯（Paul Atkins）一直在监督该机构对加密货币投资的态度的转变。与前任相比，华盛顿目前的政府对加密货币更友好。最近，SEC采取了诸如驳回针对加密公司的案件之类的步骤，并正在与行业利益相关者就加密货币主题进行更多讨论。

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.

这种柔和的监管前景的背景使Doge ETF竞标更有可能仅在几年前就不存在。

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2025年1月28日提交了其申请dogecoin ETF的申请，并提议将纽约证券交易所ARCA作为该基金的上市交换。

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.

同时，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，其中包括与$ trump代币和邦克相关的产品。

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目前正在审查21shares，Bitwise，Grayscale和Rex-sosprey合作伙伴关系的Doge ETF申请。行业分析师估计，今年在这些ETF中获得了63％至75％的批准机会。