#加密货币ETF发展 Looking back, the development of cryptocurrency ETFs has truly been a rollercoaster. In 2013, the first Bitcoin ETF application was submitted, but it was rejected by the SEC in 2017. At that time, regulators were still quite cautious about crypto assets.

Now, the US is witnessing a surge in altcoin spot ETFs coming to market, which is truly remarkable. Major institutions such as Grayscale and Franklin Templeton are launching ETFs for cryptocurrencies like XRP and Dogecoin, and even a LINK spot ETF is about to debut. Even more notably, over 100 crypto ETFs may be listed in the next six months.

This wave reminds me of the ICO frenzy in 2017. There was a similar explosion of activity, but it ultimately ended in a bubble burst. However, things seem a bit different this time. The involvement of large financial institutions brings more regulation and liquidity to the market.

Still, we need to remain vigilant. Past experience tells us that any period of rapid growth may conceal risks. Investors should carefully evaluate each ETF's underlying assets and management team, and avoid blindly following the crowd.

Overall, this ETF boom reflects how cryptocurrencies are gradually being integrated into the mainstream financial system. But while we celebrate, we should also remember the lessons of history and maintain a balance between opportunity and risk. After all, in this industry, past glory does not guarantee future success.