#波场ETF #波场ETF I hold a cautious attitude towards TRX ETFs with staking features. Although this ETF offers an annualized return of about 4.5% by staking TRX tokens, the founder of TRX, Justin Sun, has been involved in legal disputes, and altcoins generally face issues such as significant price volatility and a lack of practical application scenarios, which may exacerbate speculative risks. Additionally, Canary Capital's frequent applications for altcoin ETFs have been questioned as a marketing tactic, posing a risk of short-term price manipulation.

The attention on altcoin ETFs reflects the trend of mainstreaming in the crypto market, but risks must be heeded. In 2025, 16 institutions have already submitted applications for altcoin ETFs such as SOL and XRP, and the SEC's review standards remain strict, with DOGE having only a 20% probability of approval due to its meme characteristics. In the long term, compliant capital entering the market may boost market liquidity, but short-term prices are easily influenced by speculative sentiment and policy changes.