ETF信號的申請增加增加了對加密貨幣的興趣

ETF分析師Eric Balchunas宣布，美國證券交易委員會（SEC）正在查看共72個與加密貨幣相關的ETF應用程序。

The U.S. Securities and Exchange Commission (SEC) is currently reviewing a total of 72 crypto-related ETF applications, announced Eric Balchunas, an ETF analyst at Balchunas.com.

Balchunas.com的ETF分析師Eric Balchunas宣布，美國證券交易委員會（SEC）目前正在審查總共72個與加密相關的ETF應用程序。

Among the pending applications are several noteworthy filings.

在待處理的申請中有幾個值得注意的文件。

What Happened: Balchunas pointed out that the SEC is examining a variety of crypto ETFs, including spot ETFs, options products, leveraged or inverse ETFs, and more. The assets covered in these applications range from major cryptocurrencies like XRP, Litecoin (LTC), and Solana (SOL) to memecoins like Dogecoin (DOGE) and novel tokens such as a leveraged fund based on the Melania Trump token.

發生了什麼：Balchunas指出，SEC正在研究各種加密ETF，包括點ETF，期權產品，槓桿或逆ETF等。這些應用中涵蓋的資產範圍從XRP，Litecoin（LTC）和Solana（Sol）等主要加密貨幣到諸如Dogecoin（Doge）（Doge）等新穎令牌（例如基於Melania Trump的槓桿基金）等新穎令牌。

Among the digital assets, XRP has the highest count with 10 dedicated applications, showcasing its strong appeal to fund issuers. Solana follows closely with five filings, while Litecoin and Dogecoin each have three applications.

在數字資產中，XRP的數量最高，有10個專用申請，展示了其對基金發行人的強烈吸引力。索拉納（Solana）緊隨其後的是五份文件，而萊特幣和多黴素分別有三個申請。

These assets were not selected at times. Their inclusion represents some combination of market capitalization, active user bases and investor interest. However, the broader landscape of crypto ETFs is still taking shape. The appeal of Solana lies in its renowned fast blockchain infrastructure and growing ecosystem in NFTs and DeFi.

這些資產有時不是選擇。它們的包容性代表了市值，積極的用戶基礎和投資者的興趣的某種結合。但是，加密ETF的更廣闊的景觀仍在形成。 Solana的吸引力在於其著名的快速區塊鏈基礎設施以及NFTS和DEFI的生態系統的增長。

These filings suggest that institutions are now diversifying beyond Bitcoin and Ethereum, signaling a broader interest in the cryptocurrency asset class.

這些文件表明，機構現在正在超越比特幣和以太坊，這表明對加密貨幣資產類別具有更廣泛的興趣。

Moreover, Balchunas highlighted the cultural shift that is fueling this wave of crypto ETF applications. A number of the filings indicate a change in the nature of these assets to those driven by internet culture.

此外，Balchunas強調了這一浪潮加密ETF應用的文化轉變。許多文件表明，這些資產的性質變化為受互聯網文化驅動的人的變化。

Amid all the news-driven volatility, novel, risk-oriented products like a suite of leveraged and memecoin-themed ETFs — one being “Melania 2x” offered by Tuttle Capital — have gained attention for their novelty and risk-driven design.

在所有新聞驅動的波動率中，新穎的，面向風險的產品，例如一套槓桿和成人主題的ETF（Tuttle Capital提供的“ Melania 2X”），引起了人們對其新穎性和風險驅動的設計的關注。

One of the applications even includes links to Pudgy Penguins, a famous NFT project, showcasing just how deeply the spread of internet memes and digital collectibles has influenced the design of financial products.

其中之一甚至包括指向NFT著名項目的劣勢企鵝的鏈接，展示了互聯網模因和數字收藏品的傳播對金融產品的設計有多深。

“They might sound fringe, but these proposals show how crypto-native culture is starting to bleed into the way Wall Street makes and sells financial products,” Balchunas added.

“它們聽起來可能是邊緣化的，但是這些提議表明了加密本地文化如何開始流血到華爾街的製造方式和出售金融產品的方式，” Balchunas補充說。

The Coming Months Will Be Crucial: The fate of these 72 ETFs is now in the hands of the SEC, which will be making decisions over the coming months, some of which have deadlines extending into mid-2025.

接下來的幾個月將是至關重要的：這72個ETF的命運現在掌握在SEC的手中，SEC將在未來幾個月內做出決定，其中一些截止日期延伸到2025年中期。

Despite the recent approval of Bitcoin spot ETFs signaling a somewhat more lenient regulatory approach, the possibility of approval for an ETF covering a broad basket of crypto assets remains uncertain.

儘管最近獲得了比特幣斑點ETF的批准，這表明了一種更寬敞的調節方法，但批准ETF的可能性覆蓋了一大堆加密貨幣資產。

However, issuers remain hopeful. Many of the funds, including ones from ProShares and Tuttle Capital, have filed applications not only for spot exposure but also for options trading and inverse strategies, seeking to provide the flexibility for both institutional and retail investors.

但是，發行人仍然充滿希望。許多資金，包括Proshares和Tuttle Capital的資金，不僅為現場曝光，而且還提出了期權交易和反相反戰略的申請，以尋求為機構和零售投資者提供靈活性。

This orientation to cautious regulation slowed crypto ETF progress to merely Bitcoin futures in past cycles. The current round of applications is an attempt to help accelerate crypto’s integration into traditional portfolios.

謹慎調節的這種方向減慢了加密ETF的進展，僅在過去的周期中僅是比特幣期貨。當前的應用程序是試圖幫助加速加密貨幣中的傳統投資組合。

Bitcoin Still Dominant: Even with this wide range of applications, Bitcoin still stands as the cornerstone of the ETF market. Balchunas notes that 90% of all global crypto fund assets are in Bitcoin ETFs, and even with dozens of new funds being launched this year, Bitcoin’s share is likely to remain between 80% and 85%.

比特幣仍然占主導地位：即使使用了廣泛的應用，比特幣仍然是ETF市場的基石。 Balchunas指出，所有全球加密基金資產中有90％在比特幣ETF中，即使今年推出了數十家新基金，比特幣的份額也可能保持在80％至85％之間。

The number not only represents Bitcoin’s long-standing dominance, but its recognition as a safe portal for the institutional trade, especially as new entrants to crypto want simplicity and stability over experimental assets.

這個數字不僅代表了比特幣的長期統治地位，而且還代表了它作為機構貿易的安全門戶的認可，尤其是因為加密貨幣的新進入者想要對實驗資產的簡單性和穩定性。

While ETF will surely be diversified with memecoins and altcoins, Bitcoin will most likely continue to receive the overwhelming majority of inflows due to its trustworthiness, liquidity, and familiarity from a regulatory standpoint.

儘管ETF肯定會以成熟和替代幣多樣化，但比特幣從監管的角度來看，由於其可信賴性，流動性和熟悉程度，比特幣很可能會繼續獲得絕大多數流入。