ETF信号的申请增加增加了对加密货币的兴趣

ETF分析师Eric Balchunas宣布，美国证券交易委员会（SEC）正在查看共72个与加密货币相关的ETF应用程序。

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分析师Eric Balchunas宣布，美国证券交易委员会（SEC）目前正在审查总共72个与加密相关的ETF应用程序。

Among the pending applications are several noteworthy filings.

在待处理的申请中有几个值得注意的文件。

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.

发生了什么：Balchunas指出，SEC正在研究各种加密ETF，包括点ETF，期权产品，杠杆或逆ETF等。这些应用中涵盖的资产范围从XRP，Litecoin（LTC）和Solana（Sol）等主要加密货币到诸如Dogecoin（Doge）（Doge）等新颖令牌（例如基于Melania Trump的杠杆基金）等新颖令牌。

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.

在数字资产中，XRP的数量最高，有10个专用申请，展示了其对基金发行人的强烈吸引力。索拉纳（Solana）紧随其后的是五份文件，而莱特币和多霉素分别有三个申请。

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.

这些资产有时不是选择。它们的包容性代表了市值，积极的用户基础和投资者的兴趣的某种结合。但是，加密ETF的更广阔的景观仍在形成。 Solana的吸引力在于其著名的快速区块链基础设施以及NFTS和DEFI的生态系统的增长。

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

这些文件表明，机构现在正在超越比特币和以太坊，这表明对加密货币资产类别具有更广泛的兴趣。

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强调了这一浪潮加密ETF应用的文化转变。许多文件表明，这些资产的性质变化为受互联网文化驱动的人的变化。

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.

在所有新闻驱动的波动率中，新颖的，面向风险的产品，例如一套杠杆和成人主题的ETF（Tuttle Capital提供的“ Melania 2X”），引起了人们对其新颖性和风险驱动的设计的关注。

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著名项目的劣势企鹅的链接，展示了互联网模因和数字收藏品的传播对金融产品的设计有多深。

“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.

“它们听起来可能是边缘化的，但是这些提议表明了加密本地文化如何开始流血到华尔街的制造方式和出售金融产品的方式，” Balchunas补充说。

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.

接下来的几个月将是至关重要的：这72个ETF的命运现在掌握在SEC的手中，SEC将在未来几个月内做出决定，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.

尽管最近获得了比特币斑点ETF的批准，这表明了一种更宽敞的调节方法，但批准ETF的可能性覆盖了一大堆加密货币资产。

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，发行人仍然充满希望。许多资金，包括Proshares和Tuttle Capital的资金，不仅为现场曝光，而且还提出了期权交易和反相反战略的申请，以寻求为机构和零售投资者提供灵活性。

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.

谨慎调节的这种方向减慢了加密ETF的进展，仅在过去的周期中仅是比特币期货。当前的应用程序是试图帮助加速加密货币中的传统投资组合。

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%.

比特币仍然占主导地位：即使使用了广泛的应用，比特币仍然是ETF市场的基石。 Balchunas指出，所有全球加密基金资产中有90％在比特币ETF中，即使今年推出了数十家新基金，比特币的份额也可能保持在80％至85％之间。

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.

这个数字不仅代表了比特币的长期统治地位，而且还代表了它作为机构贸易的安全门户的认可，尤其是因为加密货币的新进入者想要对实验资产的简单性和稳定性。

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.

尽管ETF肯定会以成熟和替代币多样化，但比特币从监管的角度来看，由于其可信赖性，流动性和熟悉程度，比特币很可能会继续获得绝大多数流入。