山寨币 ETF：下一波浪潮

唐纳德·特朗普被确认为美国下一任总统才过去几周。在此期间，山寨币 ETF 的三项新申请已提交给美国证券交易委员会 (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 年美国总统选举结果刚刚公布，共和党候选人唐纳德·特朗普准备就职，金融市场已经开始转变。

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.

特朗普的主要竞选承诺之一是建立一个支持加密货币的政府，这项政策让资产管理公司为一波新的加密产品做好准备。

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.

现货加密货币基金的影响已经有据可查，比特币 ETF 今年早些时候推动了创纪录的交易量。通过解锁新的投资渠道，传统金融机构向更广泛的受众开放了加密行业。

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

现在，著名分析师 Eric Balchunas 和 James Seyffart 认为，一波现货 ETF 申请即将进入 SEC 的邮箱。

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

唯一的问题仍然是——哪一个（如果有的话）会获得批准？

Altcoin ETFs: The Next Wave

山寨币 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).

唐纳德·特朗普被确认为美国下一任总统才过去几周。在此期间，山寨币 ETF 的三项新申请已提交给美国证券交易委员会 (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 信托基金以及同时提供 BTC 和 ETH 敞口的基金。

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，第三只 ETF 的注册成本有点高。 11 月 12 日，资产管理公司 Canary Capital 申请设立 Hedera (HBAR) 基金。截至撰写本文时，HBAR 不在市值排名前 20 的加密货币之列。

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.

接下来的 12 个月对 SEC 来说可能是一场大屠杀，他们可能必须筛选与现货加密 ETF 文件相关的数千页。

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

彭博社分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 认为，“除非发生大规模崩盘，否则 [加密 ETF] 将会变得非常疯狂。”

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 个 Solana、3 个 XRP、2 个转换和一个梨树中的莱特币。很好看即将到来的“山寨币 ETF 的 12 个月”，除非发生巨大的崩盘，否则这个年轻类别将变得相当疯狂。如果到一月底这个列表的大小增加了三倍，请不要感到惊讶（来自 @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，待处理的加密 ETF 清单目前包括多个 XRP、Solana 和混合币注册，最快可能在一月份“增加两倍”。

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

还。 @EricBalchunas 和我预计这个列表在未来一年将呈指数级增长。有点似曾相识的感觉。

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 已提交申请并不意味着它会获得批准，Seyffart 警告业界，即使是最有可能的 ETF 也可能需要一段时间才能获得批准。

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：在特朗普新任 SEC 的领导下，涵盖 Solana ETF 可能会在未来一两年获得批准。 *但是*在当前的 SEC 管理下，他们很容易无法得到承认。 7 月/8 月，当 CBOE 首次代表 VanEck & 21Shares 提交文件时，它们在功能上被拒绝了 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.

尽管如此，顽固的加密货币投资者和更广泛的金融行业对数字货币的未来抱有明显的乐观态度。

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.

当然，正当社区即将庆祝比特币万众期待地升至 10 万美元时，死亡之吻（又名吉姆·克莱默）却对比特币采取了他的方式。

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.

当你想到这一点时，这确实是令人惊奇的，尤其是在 99k 的戏剧性时刻，它已经入袋，几乎可以品尝到香槟，就像布雷迪在对阵亚特兰大的比赛中偷走 SB 一样。传说是由东西组成的。

Ah well. It's been a nice run.

啊好吧。这是一次不错的跑步。