由於SEC表示願意批准新的Altcoin ETF，因此有72個主動提案正在等待點頭。

比特幣ETF在過去一個月中大大改變了全球數字資產市場，目前它們的表現很好。

The SEC is signaling its willingness to approve new altcoin ETFs, with 72 active proposals currently awaiting a nod from the commission. Despite the growing interest from asset managers to launch more altcoin-based products in the institutional market, Bitcoin ETFs command 90% of crypto fund assets worldwide.

SEC表示願意批准新的Altcoin ETF，目前有72項積極的建議正在等待委員會的點頭。儘管資產經理對在機構市場上推出更多基於Altcoin的產品的興趣日益增長，但比特幣ETFS命令全球90％的加密基金資產。

Discussing the expansive queue of ETF applications, ETF analyst Eric Balchunas highlighted the sheer volume of proposals pending approval.

ETF分析師Eric Balchunas討論了ETF應用的膨脹隊列，強調了急需批准的建議。

“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x MELANIA and everything in between. Gonna be a wild year.”

“現在有72個與加密相關的ETF坐在SEC等待批准或列出選項的SEC中。從XRP，Litecoin和Solana到企鵝，Doge和2x Melania以及兩者之間的一切。

While new listings can attract inflows and liquidity in these tokens—as seen with the recent approval of Ethereum ETF options—it’s highly unlikely that any crypto fund will replicate Bitcoin’s runaway success in the ETF market, according to Balchunas.

根據Balchunas的說法，儘管新清單可以吸引這些代幣的流入和流動性（如最近的以太坊ETF選項的認可），但據Balchunas稱，任何加密基金都不太可能在ETF市場上複製比特幣在ETF市場上的失控。

Bitcoin ETFs have dramatically changed the global digital assets market. In the US alone, these funds have reached $94.5 billion in net assets, despite continuous outflows in recent months.

比特幣ETF急劇改變了全球數字資產市場。僅在美國，儘管近幾個月來不斷流出，但這些資金仍達到945億美元的淨資產。

Their early success has opened a new market for crypto-related assets, leading to asset managers applying for more altcoin ETFs.

他們的早期成功為與加密相關的資產開闢了一個新市場，導致資產管理人員申請更多的Altcoin ETF。

Earlier this year, the SEC faced criticism for slow-walking applications, particularly for spot Bitcoin ETFs, which are designed to track the price of the cryptocurrency directly.

今年早些時候，SEC對緩慢行走的應用面臨批評，尤其是對於現場比特幣ETF，旨在直接跟踪加密貨幣的價格。

However, since the summer, the regulator has approved a batch of altcoin ETFs, tracking assets like Solana, Ethereum, and Cardano.

但是，自夏季以來，監管機構批准了一批Altcoin ETF，跟踪Solana，Ethereum和Cardano等資產。

According to Balchunas, these approvals, plus the pending applications, suggest that the SEC is now open to approving a wide range of crypto products.

根據Balchunas的說法，這些批准以及待處理的申請表明，SEC現已開放，旨在批准廣泛的加密產品。

But any new altcoin product would need a significant value-add to try and impact Bitcoin’s position, which seems unlikely.

但是，任何新的Altcoin產品都需要大量的增值來嘗試影響比特幣的位置，這似乎不太可能。

Earlier this year, analysts at Morningstar estimated that these products, taken together, couldn’t displace more than 5-10% of Bitcoin’s ETF market dominance.

今年早些時候，Morningstar的分析師估計，這些產品共同取代了比特幣ETF市場優勢的5-10％以上。

If there was an event that significantly impacted Bitcoin, it would likely also affect the rest of crypto.

如果有一個顯著影響比特幣的事件，它也可能會影響其餘加密貨幣。

Still, that doesn’t mean that the altcoins ETFs are a futile endeavor. These products have continually created new inflows and interest in their underlying assets, especially with issuers acquiring token stockpiles.

儘管如此，這並不意味著Altcoins ETF是徒勞的。這些產品不斷引起對其基本資產的新流入和興趣，尤其是在發行人獲取令牌庫存的情況下。

However, it’s important to be realistic. While XRP and Solana ETF approvals could drive new bullish cycles for the altcoin market, Bitcoin will likely dominate the ETF market by a large margin—given its widespread recognition as a ‘store of value’ in the current market.

但是，重要的是要現實。儘管XRP和SOLANA ETF批准可以推動Altcoin市場的新看漲週期，但比特幣可能會以很大的利潤率主導ETF市場，這將其廣泛的認可是當前市場中的“價值存儲”。