The law of the world is to build (CX). Is there no new blood in the circle to cut? No problem, retail investors across the ocean in the U.S. are calling out.

America: Westward, Westward, the heavenly mandate is clear.

Tōdai: Western Development, Entrepreneurship for All.

Crypto: Go to U.S. stocks, build and issue ETFs, MicroStrategy stepping on both feet, building a large crypto space.


🌈 Little Bear spent time this week organizing materials and was surprised to find that besides Bitcoin and Ethereum, 23 altcoins have applied for U.S. stock ETFs.

As long as it passes the approval, global stockholders will be able to place orders directly in stock trading apps, starting from $10, and pensions can invest directly while avoiding taxes. This is a massive influx of funds into the crypto space.

In this list, many tokens I haven't even heard the names of, but there are also gems. Today I share them so everyone can identify the real gold and get rich together.

🔸 In the ETF race, the most numerous are public chain L1 tokens with 13, and Meme tokens with 4. They are the most favored by traditional finance.

I also discovered a unique narrative: the independent ETF that can be staked, and there are only three: SOL from SBF, the INJ token from @injective, and the TRX token from Tron.

Men in the crypto world know SOL. Sun has entered NASDAQ and even space. Tron doesn't need much explanation. Today, I researched the old-school DeFi public chain INJ.

At the beginning of this year, I bought Badkids from Cosmos. I can clearly feel the decline of the Atom ecosystem, but Injective is a unique flower on this chain. It’s an ancient financial public chain from 2018, almost fully unlocked for circulation, and still building today.


1⃣ ETF Milestone

The only Cosmos ecosystem applying for a U.S. stock ETF, the final glory INJ.

On July 18, Canary Capital submitted an S-1 application to the U.S. SEC, registering the first U.S. staking INJ ETF fund.

On July 29, Cobe submitted a 19b-4 listing application, officially entering the regulatory review process, with the U.S. SEC's review period expected to last until March 2026.

This is the only staking ETF besides SOL and Tron that will distribute on-chain staking rewards to shareholders, giving it a unique staking yield feature among many altcoin ETFs.

The window period for speculating on ETF expectations has begun.


2⃣ Ethernia Upgrade

On July 31 this year, Injective, a Cosmos ecosystem public chain, launched the EVM mainnet testnet, enabling Ethereum developers to seamlessly deploy smart contracts. This month, there are 467 active developers in the Cosmos ecosystem, a year-on-year increase of 27.9%, largely related to INJ's Ethereum compatibility.

🔸 I believe that from now on, INJ evolves from a DeFi chain into an 'institutional-grade on-chain financial public chain', and with the favorable ETF news, it begins to welcome Wall Street's favor.

3⃣ RWA Ecosystem Blossoming

The on-chain U.S. stock all-weather trading platform Helix incubated by the public chain team follows a differentiated route, trading U.S. stocks in the crypto space. Friends in China know the advantages of tax avoidance, KYC, 7*24 trading, etc. It is truly a necessity.

The official roadmap of @HelixApp_ is to start with highly liquid U.S. stocks, and the next step is to open the commodity market, such as gold, crude oil, and foreign exchange markets. I find it interesting; there are more and more ways to play in the crypto space.

Now this project is slightly niche; you need to connect the Injective public chain using the @wallet OKX wallet to log in. I'll leave an invitation code; maybe there will be surprises in the future TGE?

https://helixapp.com/ref/COOKIE

Play around

✅ Summary

Researching ETFs over the weekend, I found many interesting points.

🔹 For example, the XRP (Ripple) that I haven't played with is the big player in the U.S., with 8 financial institutions queuing up to apply for its ETF fund, giving a very godfather-like sense of reality.

🔹 For example, besides BTC and ETH, the most talked about SOL is lagging behind the godfather XRP in the U.S., with only 6 institutions applying.

🔹 For example, the Hedera (HBAR) and Cronos (CRO) that we haven't heard of are also being rushed by institutions to apply for ETFs, which is quite interesting behind the scenes.

🔹 For example, the only NFT project that issued Meme coins, @pudgypenguins, also submitted an application to Canary Capital. The big shots in the penguin community are really powerful.

🔹 For example, the institution Canary Capital applied for 11 types of tokens' ETFs, accounting for 47% of the 23 types of tokens. This is a true professional in application, I might look into their business model later.

Sharing weekend observations, wrote a lot, thank you all for watching.

Let's build together, wishing everyone great wealth this year ❤