Wall Street capital is like a hawk in the industry. From the 72 cryptocurrency ETF applications processed by regulatory agencies, it superficially appears as financial innovation, but it actually reflects the deep game of reconstructing the global capital landscape.
A leaked calculation model from a top investment bank's strategy department shows that if only SOL and XRP are approved by regulators, it will create a liquidity siphoning effect of over $200 billion.
It is noteworthy that multiple institutions are using financial engineering methods to anchor Bitcoin as the "value anchor of the digital age". One innovative ETF structure has even more creatively integrated the compound return mechanism of staking income and capital gains—this evolution of financial derivatives is essentially reconstructing the pricing coordinate system of global assets.
