#加密货币ETF发展 Looking back, the development of cryptocurrency ETFs has truly been full of ups and downs. From the first Bitcoin ETF application in 2013 to today’s altcoin ETF boom, it’s been a full ten years. During this period, we experienced countless rejections and disappointments, but those of us who are veterans in the field always believed that this day would come.

Now, seeing US altcoin spot ETFs gearing up for launch, with over a hundred ETFs ready to go, I can’t help but feel emotional. Giants like Grayscale and Franklin Templeton are entering the market, and popular altcoin ETFs such as XRP and Dogecoin are being launched one after another—it feels almost surreal.

Thinking back, we waited so long for a Bitcoin ETF to be approved, and now we’re witnessing a feast of altcoin ETFs. The speed of market change is far beyond imagination. But thinking calmly, this may actually reflect the maturation of the crypto industry and a shift in regulatory attitudes: from resistance to acceptance, from singular to diversified, regulators are keeping up with the times.

However, how many will remain after the tide recedes is still unknown. After all, when the ICO boom faded, only a few projects survived. We should remain rational—embracing innovation, but also being wary of risks. After all, in this space, booms and busts always go hand in hand.