[Grayscale Research: Ethereum ETP may be approved, and the cryptocurrency market will usher in a new focus] Despite the sharp rise in Bitcoin prices, the entire cryptocurrency industry has performed mixed so far this year. The Grayscale research team expects to focus on the Ethereum ecosystem this quarter as Ethereum ETP may be approved. In addition, Grayscale launched Crypto Sectors, a comprehensive framework for understanding all investable crypto assets and their relationship to their underlying technology. Crypto Sectors divides the digital asset field into five different parts: currency, smart contract platform, finance, consumer and culture, and utilities and services. Cryptocurrencies have risen less so far this year, and although Bitcoin prices have risen by about 50%, the entire crypto industry market index has actually fallen by about 3%. However, the weighted index of crypto industry tokens related to artificial intelligence has increased by 80%.