機構投資者正在搶奪XRP（加密：XRP）和Solana（Sol）（SOL）

在Coinbase調查中的這些機構投資者中，有57％的人表示，更高的監管清晰度將是數字資產行業增長的下一個催化劑

A survey of 352 institutional investors by Coinbase Global (NASDAQ:COIN) in January found that they were mostly upbeat about the prospects for further growth in digital assets.

一月份對Coinbase Global（NASDAQ：COIN）的352個機構投資者的調查發現，他們對數字資產的進一步增長的前景大多是樂觀的。

What Happened: The survey, which covered asset management companies, hedge funds, private banks, and family offices, found that the majority of the investors controlled assets in excess of $1 billion, placing them among the larger players in the markets.

發生的事情：該調查涵蓋了資產管理公司，對沖基金，私人銀行和家庭辦事處，發現大多數投資者控制資產超過10億美元，使它們成為市場上較大的參與者。

Of those institutional investors, 57% said that greater regulatory clarity would be the next catalyst for growth within the digital assets industry, according to the Coinbase survey.

根據Coinbase調查，在這些機構投資者中，有57％的人表示，更高的監管清晰度將是數字資產行業增長的下一個催化劑。

The report suggests that new regulations are needed to define the terms of competition in the cryptocurrency industry, rather than a more piecemeal approach that merely seeks to prevent criminality using frameworks applied to other markets, like the stock market.

該報告表明，需要新的法規來定義加密貨幣行業的競爭條款，而不是一種更零的方法，它只是尋求使用應用於股票市場等其他市場的框架來預防犯罪行為。

See Related: Best Cryptocurrency Scanners 2023

請參閱相關：最佳加密貨幣掃描儀2023

Why It’s Important: Both XRP (CRYPTO:XRP) and Solana (CRYPTO:SOL) are highly exposed to this regulatory catalyst, and the early signs suggest that things are playing out in favor of the two chains.

為什麼重要的是：XRP（加密：XRP）和Solana（Crypto：Sol）都高度暴露於該調節性催化劑，並且早期的跡象表明，事物在支持這兩個鏈條。

The Securities and Exchange Commission dropped its lawsuit against Ripple (NYSE:RVNL), the company that issues XRP, on March 19, causing the coin's price to rise substantially. The SEC had originally claimed that the business had issued XRP without filing the requisite paperwork for selling a registered security.

美國證券交易委員會於3月19日對發行XRP的公司的Ripple（NYSE：RVNL）提起訴訟，導致硬幣的價格大幅上漲。 SEC最初聲稱該公司已發行了XRP，而沒有提交出售註冊安全性的必要文書工作。

Dropping the case appears to confirm Ripple's argument that XRP is not a security, but there's probably still a bit more elaboration to come from regulators on the exact principles that matter on this front.

放棄該案件似乎證實了Ripple的論點，即XRP不是安全性，但是在此方面重要的確切原則上，監管機構可能還有更多的詳細說明。

Several financial institutions have already requested permission from the SEC to issue exchange-traded funds holding the coins, and if those ETFs are approved, it would mark a significant shift that makes the two chains more accessible to capital in the traditional financial system. Other financial instruments, like ETFs holding financial derivatives of Solana or XRP, are also under consideration or already hitting the market.

幾家金融機構已經要求獲得SEC的許可，以頒發持有硬幣的交易所交易資金，如果這些ETF獲得批准，這將標誌著一個重大轉變，這使得這兩個連鎖店在傳統金融體系中更容易獲得資本。其他金融工具，例如持有Solana或XRP金融衍生品的ETF，也正在考慮或已經在市場上投放市場。

Furthermore, as the SEC continues to provide the rules for competition within crypto as part of its new task force, launched in early March, the other legal ambiguities that might dissuade institutional investors today will continue to clear up.

此外，隨著SEC繼續提供加密競爭的規則，作為其新工作組的一部分，於3月初啟動，今天可能會阻止機構投資者的其他法律歧義將繼續清除。

Then, their capital will flow in with higher volume. When it does, prices will probably rise accordingly. And considering that many institutional investors have very long time horizons for their investments, those higher prices could easily stick around for the foreseeable future and beyond.

然後，他們的資本將隨著較高的量而流入。當這樣做時，價格可能會相應上漲。考慮到許多機構投資者在投資方面擁有很長的時間，因此在可預見的未來及以後，這些更高的價格很容易堅持下去。

What Else: There's an international dimension to this story, too.

還有什麼：這個故事也有一個國際維度。

As the U.S. regulators go, so too will regulators in other countries, including in countries with a lot of capital like China, be making their preferred policies into explicit guidelines.

隨著美國監管機構的發展，其他國家的監管機構也將在包括大量資本這樣的國家中的監管機構將其首選的政策納入明確的準則。

Many of those other groups of regulators will be slower to act than those in the U.S., which suggests that Solana and XRP could be exposed to more catalysts over the next few years.

其他許多監管機構的行動都比美國的行動要慢，這表明Solana和XRP在未來幾年內可能會暴露於更多的催化劑中。

That means it's broadly a favorable time to buy XRP, Solana, and perhaps other altcoins that are in wide distribution globally.

這意味著在全球範圍內購買XRP，SOLANA以及其他廣泛分銷的Altcoins，這通常是一個有利的時機。

But investors should be aware that there might not ever be catalysts that are as powerful as these, especially from the perspective of attracting capital from institutional investors.

但是，投資者應該意識到，可能沒有像這些催化劑那樣強大的催化劑，尤其是從吸引機構投資者資本的角度來看。

When an asset is officially sanctioned or allowed to trade under the law, there's no possibility of a future comparable event.

當根據法律官方制裁或被允許交易資產時，就不可能發生可比的事件。

This is to say that if you're going to invest in Solana or XRP, don't procrastinate for a year if you want to capture some upside from regulators clarifying the rules of the industry.

這就是說，如果您要投資於Solana或XRP，那麼如果您想從監管機構闡明該行業規則的監管機構中的一些上行空間，請不要拖延一年。

Eventually, the main pillars of the new regulations will be in place, and at that point they will for the most part only have their (formidable) core growth drivers to rely on to reward holders.

最終，新法規的主要支柱將製定到位，到那時，他們只會有（強大的）核心成長驅動力來依靠以獎勵持有人。