This is the current list of all major ETF applications. Among them, TRON and SUI have a high degree of uncertainty, Polkadot has some uncertainty, while the other projects have a good chance of passing the ETF and becoming the next major players.
Of course, it's not hard to see that the institutions applying for ETFs are not very professional. Most of them are fair-weather friends. The blockchain industry is still very early. The technological upgrades of specific projects in the next three years will also be very important.
What do you think about Grayscale's Cardano ETF? From a fundamental perspective, there is a high probability of it being approved.
Cardano has achieved complete decentralized governance (on-chain voting) and is one of the few U.S. projects with real technical application potential, meeting the basic criteria.
The uncertainty lies in the administrative agencies' expertise. Overall, my judgment at the beginning of the year that "the altcoin bubble has burst" has been validated by the market. The landscape of public chains is closely related to ETFs.
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