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

随着索拉纳（Solana）领先，XRP，Cardano和Avalanche的Altcoin ETF比以往任何时候都更加接近。发现推动这一趋势的关键因素及其对加密市场的意义。

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的比赛

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周围的嗡嗡声正达到发烧，尤其是Solana领导了电荷。让我们分解ETF竞技场中Solana，XRP和其他竞争者的情况。

Solana Sets the Stage

索拉纳（Solana）设置了舞台

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的潜在ETF批准不仅仅是其生态系统的胜利。它为其他山寨币铺平了道路。可以将其视为索拉纳（Solana）爬上机构的阶梯，并为其他人丢下绳索。索拉纳（Solana）在2025年6月的每日交易中获得了比其他任何网络更多的协议收入，ADA的每日交易量约为26亿美元，大约为Solana的25亿美元，已成为Beive Beftercoin和Ethereum以外的第一位满足对话阈值的Altcoin。

XRP: The Front-Runner with Legal Clarity

XRP：法律清晰的领先者

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可以说是ETF就绪的山寨币。美国联邦法院在2023年7月的一项裁决澄清说，二级市场上的XRP销售不是证券交易，而是消除了重大的法律障碍。就像XRP终于在赛道的关键部分获得了绿灯一样。截至2025年第2季度，XRP的每日量超过12亿美元，并在全球100多次交易所中列出。鲸鱼在XRP上押注，随着供应的收紧，降低了波动。

Cardano (ADA): The Slow and Steady Contender

Cardano（ADA）：缓慢而稳定的竞争者

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.

卡尔达诺（Cardano）是“缓慢而稳定”的竞争者。其研究优先的方法吸引了寻求技术严谨的机构投资者。 ADA目前的市值为250亿美元，在前20名加密货币中排名第二，其积分生态系统包括3200多个股份池，突出了强劲的分散式化。

Avalanche (AVAX): The Enterprise-Friendly Option

雪崩（Avax）：企业友好的选项

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.

雪崩以其模块化设计和对企业的吸引力脱颖而出。它的子网架构使机构可以创建自定义，权限的链条，从而使其合规。 Avax拥有超过120个子网和与Amazon Web Services和JPMORGAN等公司的合作伙伴关系，因此正在制定其利基市场。在指标方面，Avax的市值为88亿美元，Defi TVL为16亿美元，在Defi领域的前6名中排名。

The SEC's Checklist

SEC的清单

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寻求市场成熟度，投资者保护和监视共享协议。目前，提到的山寨币都没有CFTC调节的期货市场，这是批准比特币和以太坊ETF的关键因素。成功的Solana ETF可以重新校准SEC的基准测试，尤其是当它包括堆放，链奖励或Defi Itspethions时。

Multi-Asset Crypto ETFs: A Diversified Approach

多资产加密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.

包括多个AltCoins在内的多元化加密ETF的批准是另一个可能的发展。这些ETF将提供一篮子数字资产的曝光，并由市值或生态系统强度加权，在符合SEC要求的同时降低了单资产的风险。

Final Thoughts: The Road Ahead

最终想法：前进的道路

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的潜在突破激发了Altcoin市场。 XRP，ADA和Avax各自呈现独特的ETF批准案例。无论是通过单资产的车辆还是多资产ETF，未来看起来都有前途。因此，加油，加密爱好者，因为Altcoin ETF时代可能会在拐角处！请记住，始终进行自己的研究。