#波场ETF #波场ETF I have a cautious attitude towards TRX ETFs with staking functionality. Although this ETF offers an annualized yield of about 4.5% by staking TRX tokens, TRX's founder 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. In addition, Canary Capital's frequent applications for altcoin ETFs have been questioned as a marketing tactic, posing a short-term risk of artificially inflating prices.

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