The SEC is closely monitoring the trends in POS staking, which is directly beneficial for ETH and SOL. Based on the current trend, the likelihood of ETH staking ETFs being approved is quite high. In fact, the SEC had already begun researching staking ETFs before 21Shares submitted their application.

According to the process, the final deadline for applications is October 30. The SEC may not approve immediately and might even wait until the new SEC chairman takes office in April to make a decision. However, overall, the recent policy environment is still quite favorable.

In addition, after the primary market has been ruthlessly harvested by the Argentine President Coin and CZ's Dog Broccoli, the activity has significantly decreased. Now there is a wave of condemnation against the conspiracy group on the SOL chain, and the gameplay of meme coins has become standardized, with issuance, building positions, selling, and running away all forming a streamlined operation. Retail investors now find it extremely difficult to make money from typical meme coins on the chain; even when chasing big IPs, caution is necessary, as the Argentine President Coin serves as an example, with many investors suffering losses.