The successful launch of Bitcoin ETFs in Australia, the US, and Hong Kong indicates the momentum of this market. VanEck's application for a Solana ETF reflects the industry's demand for new investment tools. Despite low institutional participation, the trading volumes of altcoins such as TRX and BNB have grown by 202% and 129%, respectively, showing strong growth momentum. However, the trading volume of XRP has decreased, down 18% year-over-year.