隨著加里·詹斯勒 (Gary Gensler) 從 SEC 辭職，加密行業正在為新時代做準備

加里·詹斯勒 (Gary Gensler) 準備於 1 月 20 日辭去美國證券交易委員會主席職務。出人意料的是，這一事態發展在加密行業引發了一波行動，資產管理公司提交了一波 ETF 申請。

Gary Gensler's last day as chair of the US Securities and Exchange Commission (SEC) on 20 January sparked a wave of action in the crypto industry, with asset managers submitting a flurry of ETF applications.

1 月 20 日，加里·詹斯勒 (Gary Gensler) 擔任美國證券交易委員會 (SEC) 主席的最後一天，引發了加密貨幣行業的一波行動，資產管理公司提交了一系列 ETF 申請。

This move anticipates regulatory changes under Gensler's successor, Paul Atkins, as many expect the incoming Trump administration to adopt a more crypto-friendly approach.

此舉預計詹斯勒的繼任者保羅·阿特金斯將進行監管改革，因為許多人預計即將上任的川普政府將採取對加密貨幣更友善的方法。

The applications, which began pouring in around 17 January, include at least four ETF filings in a single day. Among these issuers is ProShares, which launched the first Bitcoin-linked ETF.

這些申請於 1 月 17 日左右開始大量湧入，其中一天內至少有四份 ETF 申請。 ProShares 就是這些發行人之一，它推出了第一隻與比特幣掛鉤的 ETF。

ProShares is now seeking to offer investors exposure to Solana ($SOL) through futures contracts, rather than direct ownership, with an application for a Solana Futures ETF.

ProShares 目前正在尋求透過申請 Solana 期貨 ETF，透過期貨合約（而非直接所有權）為投資者提供 Solana ($SOL) 投資機會。

However, ETF analyst James Seyffart highlights potential hurdles for this ProShares move, given the lack of CME futures for Solana and questioning whether Coinbase's SOL futures market is large and liquid enough.

然而，ETF 分析師 James Seyffart 強調了 ProShares 此舉的潛在障礙，因為缺乏 CME 的 Solana 期貨，並質疑 Coinbase 的 SOL 期貨市場是否足夠大且流動性足夠。

This move echoes another from Volatility Shares, which filed a similar Solana-focused ETF last year in November.

這項舉措與 Volatility Shares 的另一項舉措相呼應，該公司去年 11 月提交了類似的 Solana ETF。

According to Seyffart, even with an administration that supports the launch of Solana ETFs, there may be some serious friction to contend with—at least until 2026.

Seyffart 表示，即使政府支持推出 Solana ETF，至少在 2026 年之前也可能會遇到一些嚴重的摩擦。

CoinShares also submitted an application for a “CoinShares Digital Asset ETF,” which aims to track its proprietary Compass Crypto Market Index.

CoinShares 也提交了一份「CoinShares 數位資產 ETF」申請，旨在追蹤其專有的 Compass 加密貨幣市場指數。

Beyond Solana, the ETF applications span a wider range of assets between the 17 January start and the time of writing.

除了 Solana 之外，從 1 月 17 日開始到撰寫本文時，ETF 申請還涵蓋了更廣泛的資產。

ProShares also submitted multiple filings for leveraged and futures ETFs tied to XRP, following similar applications from other asset managers like Bitwise, Canary Capital, 21Shares, and WisdomTree.

繼 Bitwise、Canary Capital、21Shares 和 WisdomTree 等其他資產管理公司提出類似申請後，ProShares 也提交了與 XRP 相關的槓桿和期貨 ETF 的多份申請。

Tidal DeFi filed its own Oasis Capital Digital Asset Debt Strategy ETF (DADS). This DADS ETF plans to invest in debt instruments connected to miners and energy providers within the crypto ecosystem.

Tidal DeFi 提交了自己的 Oasis Capital 數位資產債務策略 ETF（DADS）。該 DADS ETF 計劃投資與加密生態系統內的礦工和能源提供者相關的債務工具。

Earlier in the week, VanEck also filed an “Onchain Economy” ETF, which aims to invest several crypto-focused businesses including software developers, mining companies, exchanges, infrastructure providers, and much more.

本週早些時候，VanEck 還提交了一隻「鏈上經濟」ETF，旨在投資多家以加密貨幣為重點的企業，包括軟體開發商、礦業公司、交易所、基礎設施提供商等。

According to insights from Nate Geraci, President of The ETF Store, these ETF applications show that the crypto industry is preparing for the shift in regulation.

根據 The ETF Store 總裁 Nate Geraci 的見解，這些 ETF 申請表明加密行業正在為監管轉變做好準備。

People will laugh at some of these crypto ETF filings…I get it.

人們會嘲笑其中一些加密 ETF 申請……我明白了。

Here's what they're missing.

這就是他們所缺少的。

Put aside merits of any one coin.

拋開任何一枚硬幣的優點不談。

Tradfi (issuers, market makers, custodians, etc) is further integrating w/ defi.

Tradfi（發行人、做市商、託管人等）正在進一步整合 defi。

ETFs = tradfi/defi bridge

ETF = tradfi/defi 橋

First step towards full tokenization.

邁向完全代幣化的第一步。

Gary Gensler began his tenure as SEC Chair in April 2021, and made a mark on the crypto industry over the next three years with a wave of enforcement actions against major companies.

加里·詹斯勒 (Gary Gensler) 於 2021 年 4 月開始擔任 SEC 主席，並在接下來的三年裡對大公司採取了一波執法行動，在加密貨幣行業留下了印記。

Some of the most popular of these included Coinbase, Binance, Ripple, Uniswap, OpenSea and countless others.

其中最受歡迎的一些包括 Coinbase、Binance、Ripple、Uniswap、OpenSea 等等。

However, with his final day in office, the crypto industry is eagerly preparing for what might be a favorable era under Atkins, his successor.

然而，在他任職的最後一天，加密行業正在熱切地為他的繼任者阿特金斯領導下的有利時代做準備。

According to Bloomberg Senior ETF analyst Eric Balchunas, the speed and frequency of these ETF filings is interesting.

彭博社資深 ETF 分析師 Eric Balchunas 表示，這些 ETF 申請的速度和頻率很有趣。

Gensler wasn't even out of the building for 5 minutes and the ETF industry unloaded a massive ETF filing frenzy. Half a dozen so far. https://t.co/YyNik32CWp

Gensler 甚至沒有走出大樓 5 分鐘，ETF 產業就掀起了一場大規模的 ETF 申請熱潮。到目前為止有六打。 https://t.co/YyNik32CWp