Altcoin ETF：Solana的突破以及XRP，ADA和AVAX的比賽

隨著索拉納（Solana）領先，XRP，Cardano和Avalanche的Altcoin ETF比以往任何時候都更加接近。發現推動這一趨勢的關鍵因素及其對加密市場的意義。

Altcoin ETFs: Solana's Breakthrough and the Race for XRP, ADA, and AVAX

Altcoin ETF：Solana的突破以及XRP，ADA和AVAX的比賽

The buzz around Altcoin ETFs is reaching fever pitch, especially with Solana leading the charge. Let's break down what's happening with Solana, XRP, and other contenders in the ETF arena.

Altcoin ETF周圍的嗡嗡聲正達到發燒，尤其是Solana領導了電荷。讓我們分解ETF競技場中Solana，XRP和其他競爭者的情況。

Solana Sets the Stage

索拉納（Solana）設置了舞台

Solana's potential ETF approval is more than just a win for its ecosystem; it's paving the way for other altcoins. Think of it as Solana climbing the institutional ladder and dropping a rope for others to follow. Having raked in more protocol revenue than any other network for three straight quarters, with daily transaction volume for ADA in June 2025 was approximately $2.6 billion, approximately to Solana’s $2.5 billion, Solana has become the first altcoin beyond Bitcoin and Ethereum to meet the conversation threshold.

Solana的潛在ETF批准不僅僅是其生態系統的勝利。它為其他山寨幣鋪平了道路。可以將其視為索拉納（Solana）爬上機構的階梯，並為其他人丟下繩索。索拉納（Solana）在2025年6月的每日交易中獲得了比其他任何網絡更多的協議收入，ADA的每日交易量約為26億美元，大約為Solana的25億美元，已成為Beive Beftercoin和Ethereum以外的第一位滿足對話閾值的Altcoin。

XRP: The Front-Runner with Legal Clarity

XRP：法律清晰的領先者

XRP is arguably the most ETF-ready altcoin. A U.S. federal court ruling in July 2023 clarified that XRP sales on secondary markets aren't securities transactions, removing a major legal hurdle. It’s like XRP finally getting the green light on a crucial part of the track. As of Q2 2025, XRP sees daily volumes exceeding $1.2 billion and is listed on over 100 exchanges globally. Whales are betting on XRP to go up, reducing volatility as supply tightens.

XRP可以說是ETF就緒的山寨幣。美國聯邦法院在2023年7月的一項裁決澄清說，二級市場上的XRP銷售不是證券交易，而是消除了重大的法律障礙。就像XRP終於在賽道的關鍵部分獲得了綠燈一樣。截至2025年第2季度，XRP的每日量超過12億美元，並在全球100多次交易所中列出。鯨魚在XRP上押注，隨著供應的收緊，降低了波動。

Cardano (ADA): The Slow and Steady Contender

Cardano（ADA）：緩慢而穩定的競爭者

Cardano is the “slow and steady” contender. Its research-first approach appeals to institutional investors seeking technical rigor. With a current market cap of $25 billion, ADA ranks among the top 20 cryptocurrencies, and its staking ecosystem includes over 3,200 stake pools, highlighting strong decentralization.

卡爾達諾（Cardano）是“緩慢而穩定”的競爭者。其研究優先的方法吸引了尋求技術嚴謹的機構投資者。 ADA目前的市值為250億美元，在前20名加密貨幣中排名第二，其積分生態系統包括3200多個股份池，突出了強勁的分散式化。

Avalanche (AVAX): The Enterprise-Friendly Option

雪崩（Avax）：企業友好的選項

Avalanche stands out with its modular design and appeal to enterprises. Its subnet architecture allows institutions to create custom, permissioned chains, making it compliance-ready. With over 120 subnets and partnerships with firms like Amazon Web Services and JPMorgan on blockchain pilots, AVAX is carving out its niche. In terms of metrics, AVAX commands a market cap of $8.8 billion, with a DeFi TVL of $1.6 billion, ranking it within the top 6 in the DeFi space.

雪崩以其模塊化設計和對企業的吸引力脫穎而出。它的子網架構使機構可以創建自定義，權限的鏈條，從而使其合規。 Avax擁有超過120個子網和與Amazon Web Services和JPMORGAN等公司的合作夥伴關係，因此正在製定其利基市場。在指標方面，Avax的市值為88億美元，Defi TVL為16億美元，在Defi領域的前6名中排名。

The SEC's Checklist

SEC的清單

The SEC looks for market maturity, investor protection, and surveillance sharing agreements. Currently, none of the altcoins mentioned have CFTC-regulated futures markets, which was a pivotal factor in the approval of Bitcoin and Ethereum ETFs. A successful Solana ETF could recalibrate the SEC’s benchmarks, particularly if it includes staking, on-chain rewards, or DeFi interactions.

SEC尋求市場成熟度，投資者保護和監視共享協議。目前，提到的山寨幣都沒有CFTC調節的期貨市場，這是批准比特幣和以太坊ETF的關鍵因素。成功的Solana ETF可以重新校準SEC的基準測試，尤其是當它包括堆放，鏈獎勵或Defi Itspethions時。

Multi-Asset Crypto ETFs: A Diversified Approach

多資產加密ETF：多元化的方法

The approval of diversified crypto ETFs that include multiple altcoins is another likely development. These ETFs would offer exposure to a basket of digital assets, weighted by market cap or ecosystem strength, reducing single-asset risk while complying with SEC requirements.

包括多個AltCoins在內的多元化加密ETF的批准是另一個可能的發展。這些ETF將提供一籃子數字資產的曝光，並由市值或生態系統強度加權，在符合SEC要求的同時降低了單資產的風險。

Final Thoughts: The Road Ahead

最終想法：前進的道路

Solana’s potential breakthrough has ignited the altcoin market. XRP, ADA, and AVAX each present unique cases for ETF approval. Whether through single-asset vehicles or multi-asset ETFs, the future looks promising. So, buckle up, crypto enthusiasts, because the altcoin ETF era might just be around the corner! Just remember, always do your own research.

Solana的潛在突破激發了Altcoin市場。 XRP，ADA和Avax各自呈現獨特的ETF批准案例。無論是通過單資產的車輛還是多資產ETF，未來看起來都有前途。因此，加油，加密愛好者，因為Altcoin ETF時代可能會在拐角處！請記住，始終進行自己的研究。