The impact of ETFs on exchanges is quite significant. Looking at Coinbase's Q1 financial report, the trading revenue contributed by BTC decreased by 13% compared to the same period last year. In contrast, the share proportion of assets like XRP and SOL, which do not have ETFs, has grown considerably.

However, it seems that the company has found a new way to grow, which is to vigorously promote wealth management products, resulting in this segment's income increasing by 51% compared to the same period last year. No wonder everyone wants to engage in wealth management this year; it is indeed profitable.