Cryptocurrency ETFs are becoming more and more common

For example, this one promoted by Bitwise is an index composed of a basket of 10 cryptocurrencies. (Although several CEXs have tried to launch them unsuccessfully over the past few years)

The current status is that the SEC first approved it, and later instructed to postpone, so it has not been able to be listed for a long time.

In addition, from this 10 index, you can see many clues.

First is America first

So you can see XRP, SOL, SUI, LINK, Avax, and even DOT

PS: Moreover, compared to SUI, Aptos, the leader of Facebook's trio, seems to be lagging behind.

Secondly, exchange tokens are excluded.

It's a pity for BNB, as it is actually an important part of the cryptocurrency market.

Finally, among PoW tokens, there is a preference for LTC, but not for BCH and Doge, indicating that PoW does not have an extra advantage.

Grayscale's GDLC index is even more conservative, with only 5 assets:

But it still conforms to this general rule:

(1) America first

(2) No platform tokens accepted

(3) PoW does not have a special advantage

Of course, the situation with Grayscale GDLC is similar; it was first noted by the SEC and then paused.

According to analyses from relevant insiders, it seems that a certain commissioner within the SEC opposed the proposal, leading to the suspension, with the reason for opposition being that a standard needs to be established before these index ETFs can be launched.