Crypto ETFs are on the rise For example, Bitwise promotes an index consisting of a basket of 10 cryptocurrencies. (Although various CEXs have been pushed several times in the past N years without success) The current progress is that the SEC first approved it, and then instructed to postpone it, so it has not been listed. In addition, from this 10 index, you can see many clues. First of all, America first So you can see XRP, SOL, SUI, LINK, AVAX, and even DOT PS: And compared to SUI, Aptos, the head of the three best of Facebook, looks a bit behind. This is followed by the exclusion of exchange tokens. Unfortunately, BNB is actually an important part of the cryptocurrency market Finally, among PoW tokens, LTC is the only one that loves LTC but not BCH and Doge, which shows that PoW does not gain additional advantages. Grayscale's GDLC index is more conservative, with only 5 targets: But it still follows this rule: (1) America first (2) Platform currency is not accepted (3) PoW does not have any special advantages Of course, the situation is similar with Grayscale GDLC, which was first endorsed by the SEC and then suspended. According to the analysis of relevant people familiar with the matter, it seems that a member of the SEC opposed the proposal, which led to the suspension, and the reason for the opposition was that there needs to be a standard before these index ETFs can be launched.