The corridors of Wall Street are buzzing – not from the ticker tape, but from the anticipation of a new financial era. On the 37th floor, amidst the blue-glass spires, asset managers are sharpening their pencils as they prepare for the launch of two highly anticipated crypto ETFs.

華爾街的走廊嗡嗡作響 - 不是從股票錄像帶上來的，而是來自新金融時代的預期。在藍玻璃尖頂中，在37樓，資產管理人員在準備發射兩個備受期待的加密ETF時，正在銳化鉛筆。

However, the U.S. Securities and Exchange Commission (SEC) has pressed the pause button once again. After a series of delays in recent weeks, the SEC is sending both 21Shares’ XRP ETF and Grayscale’s endeavor to bring Dogecoin to the ETF arena back to the drawing board for “further review.” This comes just days after similar setbacks affected proposed funds tracking Solana. The SEC’s focus is on ensuring these funds can adequately shield investors from fraud and market manipulation.

但是，美國證券交易委員會（SEC）再次按下了暫停按鈕。在最近幾週進行了一系列延誤之後，SEC將派遣21shares的XRP ETF和Grayscale的努力將Dogecoin帶回ETF競技場，回到繪圖板上進行“進一步審查”。這是在類似挫折影響擬議的資金跟踪Solana的幾天之後。 SEC的重點是確保這些資金可以充分限制投資者免受欺詐和市場操作。

These ongoing delays are creating a climate of restless anticipation. Cboe and NYSE have already filed for the necessary rule changes that would allow these ETFs to begin trading. Meanwhile, both 21Shares and Grayscale are keen to provide investors with mainstream Wall Street exposure to these ultra-popular tokens, following the historic debut of spot Bitcoin ETFs in 2023.

這些持續的延誤正在創造一種不安的期望的氣氛。 CBOE和NYSE已經提出了必要的規則更改，該更改將使這些ETF開始交易。同時，在2023年現場比特幣ETF的歷史性首次亮相之後，21shares和灰度都渴望為投資者提供這些超廣泛代幣的主流曝光。

Those Bitcoin funds quickly became a smash hit, now boasting over $126 billion in assets – an unprecedented event in ETF history. But when it comes to altcoins, the journey is proving less linear and far more contentious.

這些比特幣的資金很快就成為了一場巨大的熱門單曲，現在擁有超過1,260億美元的資產，這是ETF歷史上前所未有的事件。但是，當涉及到Altcoins時，事實證明，線性較少，更有爭議。

The Solana proposals have also been sent back for further analysis, leaving innovative firms like Bitwise, VanEck, and Canary Capital in a similar holding pattern. All this unfolds as top asset managers – including industry titans like Franklin Templeton and CoinShares – are scrambling to pitch new crypto ETF ideas, ranging from Cardano to the elusive Pengu.

Solana提案也已被寄回進一步的分析，將像Bitwise，Vaneck和Canary Capital這樣的創新公司置於類似的持有模式中。當包括富蘭克林·鄧普頓（Franklin Templeton）和二氧化公司（Coinshares）等行業巨頭（包括行業巨人）中，所有這些都在推動新的加密ETF想法，從卡爾達諾（Cardano）到難以捉摸的pengu。

With fragmented trading and meme-fueled price swings in crypto, there’s plenty of scope for speculators, but it’s a potential minefield for the mainstream investors that ETFs are meant to serve. The SEC’s role is to protect those investors and maintain the integrity of America’s financial markets – even if it means frustrating some of Wall Street’s boldest visionaries a little longer.

由於加密貨幣的交易和模因燃料的價格波動零散，投機者有很多範圍，但對於主流投資者來說，這是ETF旨在服務的主流投資者的潛在雷區。 SEC的角色是保護這些投資者並保持美國金融市場的完整性 - 即使這意味著使華爾街一些最大膽的有遠見的人感到沮喪。

The road to public trading floors for XRP, Dogecoin, Solana, and the rest remains uncertain. But the hunger is palpable. The next green light, whenever it comes, could reshape the investing landscape overnight. Until then, the crypto ETF revolution is on hold, its next act teased but not yet revealed.

XRP，Dogecoin，Solana和其餘的公共交易地板的道路仍然不確定。但是飢餓是明顯的。下一個綠燈，每當它到來時，都可以在一夜之間重塑投資景觀。在此之前，加密ETF革命仍在擱置下，其下一個行為被取笑，但尚未透露。