I have a cautious attitude towards TRX ETFs with staking features. Although this ETF provides 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 large price fluctuations and a lack of real-world applications, which may exacerbate speculative risks. Furthermore, Canary Capital's frequent applications for altcoin ETFs are questioned as marketing tactics, posing a short-term risk of price manipulation.

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