Kaspa (KAS) ETF 2025 年获得批准：可能性有多大？

Kaspa 不断发展其技术，目标是成为最快的区块链。在其不断发展的技术和对其价格的看涨预测中，人们会想知道该代币是否能很快获得 ETF。

Cryptocurrency Kaspa (KAS) has been quietly building institutional partnerships and technological foundations that could pave the way for its own exchange-traded fund (ETF).

加密货币 Kaspa (KAS) 一直在悄悄建立机构合作伙伴关系和技术基础，这可能为其自己的交易所交易基金 (ETF) 铺平道路。

ETFs are crucial bridges between traditional finance and cryptocurrency markets, providing the liquidity that institutional investors demand. For Kaspa, this bridge is already under construction.

ETF 是传统金融和加密货币市场之间的重要桥梁，提供机构投资者所需的流动性。对于卡斯帕来说，这座桥已经在建设中。

Standard Chartered’s subsidiary, Zodia Custody, now offers institutional-grade custody solutions for Kaspa. In Europe, Valor Finance has launched Kaspa ETPs, creating a blueprint for future ETF developments.

渣打银行的子公司 Zodia Custody 现在为 Kaspa 提供机构级托管解决方案。在欧洲，Valor Finance推出了Kaspa ETP，为未来ETF的发展制定了蓝图。

There are also reports that Grayscale is evaluating Kaspa for potential ETF inclusion.

还有报道称 Grayscale 正在评估 Kaspa 是否有可能纳入 ETF。

Kaspa’s technological roadmap also strengthens its ETF prospects. The planned 10 Blocks Per Second upgrade in Q1 2025 would make it the fastest proof-of-work blockchain.

Kaspa 的技术路线图也增强了其 ETF 前景。计划在 2025 年第一季度升级至每秒 10 个区块，这将使其成为最快的工作量证明区块链。

Moreover, smart contracts implementation in Summer 2025 would expand its functionality to compete with established platforms like Ethereum.

此外，2025 年夏季智能合约的实施将扩展其功能，以与以太坊等成熟平台竞争。

Despite currently lacking certain features like U.S. Tier 1 exchange listings, Kaspa’s proof-of-work BlockDAG architecture addresses the blockchain trilemma of security, scalability, and decentralization. This technological foundation makes it an attractive option for institutional investors looking beyond Bitcoin and Ethereum.

尽管目前缺乏美国一级交易所上市等某些功能，但 Kaspa 的工作量证明 BlockDAG 架构解决了区块链的安全性、可扩展性和去中心化的三难困境。这一技术基础使其成为超越比特币和以太坊的机构投资者的有吸引力的选择。

Bloomberg senior ETF analyst Eric Balchunas stated that 2025 could see a wave of crypto ETF approvals. While Bitcoin and Ethereum will likely lead this wave, Kaspa’s advanced proof-of-work system and growing institutional backing position it as a strong contender in this space.

彭博社高级 ETF 分析师 Eric Balchunas 表示，2025 年可能会出现一波加密 ETF 批准浪潮。虽然比特币和以太坊可能会引领这一浪潮，但 Kaspa 先进的工作量证明系统和不断增长的机构支持使其成为该领域的有力竞争者。

While an ETF approval for Kaspa in 2025 isn’t guaranteed, the groundwork being laid suggests it’s a possibility to watch.

虽然不能保证 Kaspa ETF 在 2025 年获得批准，但正在奠定的基础表明有可能值得关注。

The project’s methodical approach to building infrastructure before pursuing massive publicity might prove beneficial in navigating the regulatory landscape.

该项目在进行大规模宣传之前有条不紊地建设基础设施，可能有助于适应监管环境。