Dogecoin ETF Race Heats Up: Bitwise Leads with 8(a) Form Filing

狗狗币 ETF 竞赛愈演愈烈：Bitwise 凭借 8(a) 表格备案领先

The crypto ETF scene is buzzing again, this time with Dogecoin in the spotlight. Bitwise, a major player in digital asset management, has filed an 8(a) form for a spot Dogecoin (DOGE) ETF, potentially launching it by late November. Grayscale has also jumped into the fray, intensifying the competition.

加密 ETF 场景再次热闹起来，这一次狗狗币成为了焦点。数字资产管理领域的主要参与者 Bitwise 已提交了现货狗狗币 (DOGE) ETF 的 8(a) 表格，可能会在 11 月底推出。灰度也加入了竞争，加剧了竞争。

Bitwise's Bold Move: The 8(a) Strategy

Bitwise 的大胆举措：8(a) 策略

Bitwise is strategically using the SEC's Section 8(a) process, which, according to Bloomberg ETF analyst Eric Balchunas, essentially starts a 20-day countdown to potential approval, barring any SEC intervention. This move reflects Bitwise's confidence in the evolving regulatory landscape for crypto ETFs.

Bitwise 正在战略性地使用 SEC 第 8(a) 条流程，据彭博 ETF 分析师 Eric Balchunas 称，该流程实质上开始了潜在批准的 20 天倒计时，除非 SEC 进行任何干预。此举反映了 Bitwise 对加密 ETF 不断变化的监管环境的信心。

The Timeline and SEC's Stance

时间表和 SEC 的立场

While the SEC had previously delayed decisions on Dogecoin ETFs due to concerns about volatility and market manipulation, Bitwise's proactive approach could see their ETF approved by November 26, 2025, if the SEC remains silent.

虽然 SEC 此前因担心波动性和市场操纵而推迟了对狗狗币 ETF 的决定，但如果 SEC 保持沉默，Bitwise 的积极主动做法可能会使其 ETF 在 2025 年 11 月 26 日之前获得批准。

Other Players Joining the Race

其他参加比赛的玩家

The buzz around Bitwise's move has spurred other firms, like Grayscale, to file similar applications. This growing interest underscores the potential for Dogecoin to become one of the first altcoins with a U.S.-listed spot ETF, providing regulated access to both retail and institutional investors.

Bitwise 此举引发的热议促使 Grayscale 等其他公司提交了类似的申请。这种日益增长的兴趣凸显了狗狗币有可能成为首批在美国上市的现货 ETF 的山寨币之一，为散户和机构投资者提供受监管的投资机会。

Dogecoin Price Reacts

狗狗币价格反应

News of Bitwise's filing gave Dogecoin's price a little boost, even amidst a broader market downturn. This suggests renewed optimism about Dogecoin potentially entering the ETF arena alongside other major crypto assets. The final deadline for the US SEC to decide on the exchange-traded fund (ETF) is November 12.

即使在整个市场低迷的情况下，Bitwise 提交申请的消息也给狗狗币的价格带来了一些提振。这表明人们对狗狗币可能与其他主要加密资产一起进入 ETF 领域重新感到乐观。美国 SEC 对交易所交易基金 (ETF) 做出决定的最后期限是 11 月 12 日。

Key Details Emerge: Ticker, Fees, and More

关键细节浮出水面：股票代码、费用等

Bitwise is leaving no stone unturned. The firm has submitted a fourth amendment to its spot Dogecoin ETF application, revealing the ticker symbol "BWOW" and plans to list on NYSE Arca by the end of November. Coinbase Custody will safeguard the DOGE holdings, while BNY Mellon will handle cash custody. The asset manager revealed a management fee of 0.34% for the spot Dogecoin ETF and also intends to waive the entire sponsor fee for one month.

Bitwise 不遗余力。该公司已对其现货狗狗币 ETF 申请提交了第四次修订，公布了股票代码“BWOW”，并计划于 11 月底在 NYSE Arca 上市。 Coinbase Custody 将保护 DOGE 的资产，而纽约梅隆银行将负责现金托管。该资产管理公司透露，现货狗狗币ETF的管理费为0.34%，并打算免除一个月的全部保荐费。

What's Next?

接下来是什么？

Could Dogecoin ETFs become the next big thing on Wall Street? Only time will tell. But one thing's for sure: the race is on, and it's shaping up to be an exciting one. Maybe we'll all be trading Dogecoin ETFs while sipping lattes before we know it!

狗狗币 ETF 能否成为华尔街的下一个大事件？只有时间才能证明一切。但有一件事是肯定的：比赛已经开始，而且将是一场激动人心的比赛。也许我们都会在不知不觉中一边喝着拿铁一边交易狗狗币 ETF！