#加密货币ETF发展 Looking back at the development of cryptocurrency ETFs, I can't help but feel deeply moved. From the long wait for spot ETFs after Bitcoin futures ETFs, to the recent surge of XRP spot ETF launches, every step has witnessed the growth of this industry.

I still remember the disappointment when Bitcoin ETF applications were repeatedly rejected, and now, seeing XRP ETFs springing up like mushrooms after the rain, it's amazing how much the regulatory stance has shifted. Established financial institutions like Grayscale and Franklin Templeton are entering the market one after another, undoubtedly bringing more institutional recognition to the entire crypto industry.

It's especially worth mentioning Franklin's fee strategy—waiving all fees on the first $5 billion in assets until May 2026. Such an aggressive pricing approach demonstrates their confidence in the XRP market. However, we must remain cautious, as similar optimism was seen during the ICO boom years ago.

Overall, the dense listing of XRP ETFs is a positive signal, but we must stay rational. After all, in a bull market, everyone seems like a genius, but the real test is still ahead. For investors, while it's exciting, it's also important to carefully assess the risks, since ETFs are not the same as directly holding cryptocurrencies. History always repeats itself in new ways, and we should draw wisdom from past ups and downs to stay clear-headed in this cycle.