72 Crypto ETF文件堆放在SEC的辦公桌上，表明投資者的胃口增加。 XRP和Solana主導著堆

新SEC主席保羅·阿特金斯（Paul Atkins）擁有600萬美元與加密貨幣相關的投資，他面臨著高風險的決定。 XRP和Solana在ETF文件中竊取了領先優勢。

The U.S. Securities and Exchange Commission (SEC) has a backlog of 72 exchange-traded fund (ETF) filings, with applications for XRP and Solana ETFs forming the bulk of the submissions, according to a Bloomberg report on Friday.

根據彭博社上的一份報告，美國證券交易委員會（SEC）擁有72個交易所交易基金（ETF）文件的積壓，併申請了XRP和Solana ETF的申請，構成了大部分提交意見。

The report by Eric Balchunas, a Bloomberg ETF analyst, noted that out of the 72 ETF filings awaiting the SEC's review, 18 are for XRP ETFs and 17 are for Solana ETFs. Together, these filings constitute nearly half of the total number of ETF applications pending with the regulator.

彭博ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）的報告指出，在等待SEC審查的72個ETF文件中，有18個用於XRP ETF，而17個用於Solana ETF。總之，這些文件構成了調節器待處理的ETF應用總數的幾乎一半。

The large number of XRP ETF filings follows the crypto asset's legal win against the SEC earlier this year, which cleared the path for ETF issuers to apply for such products. On the other hand, Solana's appeal lies in its lightning-fast blockchain, which can process thousands of transactions per second, dwarfing Bitcoin and Ethereum, which have dominated past waves of ETF launches.

XRP ETF的大量申請遵循了加密資產對SEC的法律勝利，這使ETF發行人申請此類產品的途徑掃清了道路。另一方面，Solana的吸引力在於其閃電般的區塊鏈，該區塊鏈可以每秒處理數千筆交易，矮小的比特幣和以太坊，這些比特幣和以太坊都佔據了ETF發射的浪潮。

The filings also include applications for meme coin ETFs, with products like DOGE, PENGU, TRUMP, MELANIA, and BONK ETFs all pending approval by the SEC. Some of the filings include proposals for 2X leveraged funds, which would double the potential reward and risk for investors.

這些文件還包括對Meme Coin ETF的申請，以及Doge，Pengu，Trump，Melania和Bonk ETF等產品，均已獲得SEC的批准。一些文件包括針對2倍槓桿資金的建議，這將使投資者的潛在獎勵和風險增加一倍。

Leveraged ETFs are designed to amplify the daily return or loss of an underlying index or security, thereby increasing both the potential gains and losses for investors. In the case of meme coins, which are already known for their high volatility, leveraged ETFs could turbocharge this instability.

槓桿ETF旨在擴大基礎指數或安全性的每日回報或損失，從而增加投資者的潛在收益和損失。對於以其高波動率而聞名的模因硬幣，槓桿ETF可能會渦輪增壓這種不穩定。

For instance, DOGE's price soared by 300% in 2021, only to decline by 80% the following year, according to data from CoinGecko.

例如，根據Coingecko的數據，Doge的價格在2021年飆升了300％，僅在次年下降了80％。

Meanwhile, Paul Atkins, who took over as the SEC chair this year, has disclosed hefty crypto investments in his latest financial filing. According to a report by The Block, Atkins's investments in crypto-related assets total around $6 million.

同時，今年接任SEC主席的保羅·阿特金斯（Paul Atkins）在他的最新金融文件中透露了大量加密投資。根據該街區的一份報告，阿特金斯（Atkins）對加密相關資產的投資總計約為600萬美元。

This substantial stake in the cryptocurrency market is sure to raise eyebrows among market watchers, especially given Atkins's role as the head of the SEC, the agency that regulates the securities industry and has the final say on whether to approve new ETFs.

在加密貨幣市場中的這種大量股份肯定會引起市場觀察者的關注，尤其是鑑於阿特金斯（Atkins）作為SEC負責人的角色，該機構是對證券行業進行監管的機構，並且關於是否批准新ETF的最終發言權。

Atkins's investments signal a personal tie to the crypto market, which could shape his view on the 72 ETF filings that are currently pending with the SEC. However, it's worth noting that no specifics on Atkins's assets are public, leaving analysts to parse the implications of his investments.

阿特金斯（Atkins）的投資標誌著與加密貨幣市場（Crypto Market）的個人關係，這可能會影響他對目前正在與SEC待定的72 ETF申請的看法。但是，值得注意的是，關於阿特金斯資產的任何細節都不是公開的，分析師可以解析其投資的含義。

The SEC's mandate is to protect investors, and its decision on the ETF filings could have far-reaching consequences for the future of crypto in the U.S.

SEC的任務是保護投資者，其對ETF申請的決定可能會對美國的Crypto的未來產生深遠的影響

If the SEC approves the ETFs, it could open the door for billions of dollars in institutional money to pour into the crypto market. For example, BlackRock's Bitcoin ETF, which was approved earlier this year after years of rejections, pulled in $10 billion in its first six months.

如果SEC批准ETF，它可能會為數十億美元的機構資金打開大門，以投入加密市場。例如，貝萊德（Blackrock）的比特幣ETF（經過多年的拒絕之後，今年早些時候獲得批准）在其頭六個月中賺了100億美元。

However, the approval of meme coin ETFs could pose a dilemma for the SEC, as it would legitimize speculative assets and could lure retail investors into making risky investments.

但是，Meme Coin ETF的批准可能會對SEC構成困境，因為它將使投機資產合法化，並可能吸引散戶投資者進行風險投資。

Some critics, like former SEC official John Reed Stark, have warned of "market chaos" if the SEC approves leveraged meme coin ETFs.

一些批評家，例如前美國證券交易委員會（SEC）官員約翰·里德·史塔克（John Reed Stark），如果SEC批准了槓桿模因硬幣ETF，則警告“市場混亂”。

"Can you imagine the market chaos if the SEC approves / registers any of the (unbelievable) pending leveraged meme coin ETFs (e.g., 2X leveraged TRUMP, HEGEMONY, BONK, or Pengu ETFs) that some ETF issuers have filed with the SEC?" Stark wrote on X, formerly Twitter.

“如果SEC批准 /註冊了任何（令人難以置信的）持續的模因硬幣ETF（例如，有2倍的槓桿特朗普，霸權，Bonk或Pengu ETF），您能想像市場混亂嗎？斯塔克在X上寫道，以前是Twitter。

The SEC has faced pressure from institutional investors to approve a Bitcoin ETF for over a decade, and it wasn't until 2024 that the regulator finally gave the green light to such products.

SEC已經面臨機構投資者批准比特幣ETF的壓力，十多年了，直到2024年，監管機構才最終將綠燈送給了此類產品。

This shift in stance suggests a thaw in the regulatory frost, but even as the SEC chairman faces a high-stakes decision on the 72 ETF filings, the regulator's approval of meme coin ETFs would test the limits of this change in attitude.

這種立場的轉變暗示了監管霜凍中的融化，但是即使SEC主席對72 ETF申請作出高風險的決定，監管機構對Meme Coin ETF的批准也會測試這種態度變化的局限性。

This article was originally published on Benzinga and has been edited and republished with permission.

這篇文章最初發表在Benzinga上，並經過許可而被編輯和重新發布。