山寨幣 ETF：下一波浪潮

唐納德·特朗普被確認為美國下一任總統才過去幾週。在此期間，山寨幣 ETF 的三項新申請已提交給美國證券交易委員會 (SEC)。

Fresh off the 2024 US Presidential election results, which saw Republican candidate Donald Trump preparing to take office, financial markets are already shifting gears.

2024 年美國總統選舉結果剛剛公佈，共和黨候選人川普準備就職，金融市場已經開始轉變。

One of Trump's key campaign promises was installing a pro-crypto administration — a policy that has asset managers preparing for a wave of new crypto products.

川普的主要競選承諾之一是建立一個支持加密貨幣的政府，這項政策讓資產管理公司為一波新的加密產品做好準備。

The impact of spot crypto funds is already well-documented, with Bitcoin ETFs driving record-breaking volumes earlier this year. By unlocking new investment channels, traditional financial institutions have opened the crypto industry to a wider audience.

現貨加密貨幣基金的影響力已經有據可查，比特幣 ETF 今年稍早推動了創紀錄的交易量。透過解鎖新的投資管道，傳統金融機構向更廣泛的受眾開放了加密產業。

Now, prominent analysts Eric Balchunas and James Seyffart believe that a wave of spot ETF applications is coming for the SEC's mailbox.

現在，著名分析師 Eric Balchunas 和 James Seyffart 認為，一波現貨 ETF 申請即將進入 SEC 的信箱。

The only question remains — which, if any, will see approval?

唯一的問題仍然是——哪一個（如果有的話）會獲得批准？

Altcoin ETFs: The Next Wave

山寨幣 ETF：下一波浪潮

It's only been a few weeks since Donald Trump was confirmed as the next president of the United States. In that time, three new applications for altcoin ETFs have already been tabled to the Securities and Exchange Commission (SEC).

唐納德·特朗普被確認為美國下一任總統才過去幾週。在此期間，山寨幣 ETF 的三項新申請已提交給美國證券交易委員會 (SEC)。

Unsurprisingly, a Solana fund was at the top of the pile, with Bitwise pushing forth a SOL trust alongside a fund providing exposure to both BTC and ETH.

不出所料，Solana 基金名列前茅，Bitwise 推出了 SOL 信託基金以及同時提供 BTC 和 ETH 曝險的基金。

However, the third ETF registration was a little more out of pocket. On the 12th of November, asset managers Canary Capital filed for a Hedera (HBAR) fund. At the time of writing, HBAR sits outside the top twenty cryptocurrencies by market cap.

然而，第三隻 ETF 的註冊成本有點高。 11 月 12 日，資產管理公司 Canary Capital 申請設立 Hedera (HBAR) 基金。截至撰寫本文時，HBAR 不在市值排名前 20 的加密貨幣之列。

The next 12 months could be carnage for the SEC, who may have to sift through thousands of pages related to spot crypto ETF filings.

接下來的 12 個月對 SEC 來說可能是一場大屠殺，他們可能必須篩選與現貨加密 ETF 文件相關的數千頁。

Bloomberg analyst Eric Balchunas believes that, “barring [a] monster crash, it's about to get pretty wild for [crypto ETFs].”

彭博社分析師 Eric Balchunas 認為，“除非發生大規模崩盤，否則 [加密 ETF] 將會變得非常瘋狂。”

Four Solanas, 3 XRPs, 2 conversions and a Litecoin in a pear tree.. nice look at the coming 'twelve months of alt coin ETFs' Barring monster crash, its about to get pretty wild for this young category. Don't be surprised if this list is triple in size by end of Jan via @JSeyffart pic.twitter.com/TxzLFT2BiX

4 個Solana、3 個XRP、2 個轉換和一個梨樹中的萊特幣。 。如果到一月底這個清單的大小增加了三倍，請不要感到驚訝（來自 @JSeyffart pic.twitter.com/TxzLFT2BiX）

The list of pending crypto ETFs, currently including several XRP, Solana and mixed-coin registrations, could “triple” as soon as January, according to Balchunas and colleague James Seyffart.

Balchunas 和同事 James Seyffart 表示，待處理的加密 ETF 清單目前包括多個 XRP、Solana 和混合幣註冊，最快可能在一月份「增加兩倍」。

Also. @EricBalchunas and I are expecting this list to grow exponentially over the next ~year. Feels like deja vu a bit.

也. @EricBalchunas 和我預計這個清單在未來一年將呈指數級增長。有點似曾相識的感覺。

Just because an ETF has been filed doesn't mean it will be approved though, with Seyffart warning the industry that it might take a while before we see even the most likely ETF greenlit.

ETF 已提交申請並不意味著它會獲得批准，Seyffart 警告業界，即使是最有可能的 ETF 也可能需要一段時間才能獲得批准。

NEW: Covered Solana ETFs' likely approval in the next year or two under Trump's new SEC. *BUT* they could very easily fail to be acknowledged under this current SEC admin. They were functionally rejected that way in July/August when CBOE first filed on behalf of VanEck & 21Shares pic.twitter.com/PGqgDSojVh

新消息：在川普新任 SEC 的領導下，涵蓋 Solana ETF 可能會在未來一兩年獲得批准。 *但是*在目前的 SEC 管理下，他們很容易無法被承認。 7 月/8 月，當 CBOE 首次代表 VanEck & 21Shares 提交文件時，它們在功能上被拒絕了 pic.twitter.com/PGqgDSojVh

Nevertheless, there is a palpable optimism among both die-hard crypto investors and the broader financial industry regarding the future of digital currency.

儘管如此，頑固的加密貨幣投資者和更廣泛的金融業對數位貨幣的未來抱持明顯的樂觀態度。

Of course, just as the community was about to celebrate Bitcoin's much-anticipated rise to US $100k, the kiss of death (aka Jim Cramer) had his way with the coin.

當然，正當社群即將慶祝比特幣萬眾期待地升至 10 萬美元時，死亡之吻（又名吉姆·克萊默）卻對比特幣採取了他的方式。

It really is amazing when you think about it, esp the dramatic timing at 99k, it was in the bag, could practically taste the champagne, like Brady stealing SB vs Atlanta. Stuff legends are made of.

當你想到這一點時，這確實是令人驚奇的，尤其是在 99k 的戲劇性時刻，它已經入袋，幾乎可以品嚐到香檳，就像布雷迪在對陣亞特蘭大的比賽中偷走 SB 一樣。傳說是由東西組成的。

Ah well. It's been a nice run.

啊好吧。這是一次不錯的跑步。