ETF applications are frequent. Have large institutions accelerated their entry?🤔

Good morning, everyone!👋 The recent cryptocurrency market dynamics are constantly changing and worth paying attention to. 📰

Last night, the famous crypto fund Bitwise submitted an XRP ETF application to the SEC, and the Brazilian fund company Hashdex also submitted a revised version of the Nasdaq Crypto Index ETF application. Large institutions are accelerating their entry into the crypto ETF field.

At the same time, BlackRock, the largest asset management company in the United States, completed the acquisition of Global Infrastructure Partners (GIP), which is its large investment in the real economy. 🏗️ The emerging public chain Nibiru has established an ecological investment department to focus on supporting early projects. 🌱

In addition, in terms of exchange dynamics, Coinbase has included two new projects IO and DEGEN in the coin listing roadmap. Binance said that it will additionally remind projects with major changes in the token economic model. 🔔 This reflects that the head exchanges are more cautious about new projects.

In summary, we see that institutions are accelerating their layout in the crypto field through various means such as applying for ETFs, mergers and acquisitions, and ecological investment, which is expected to bring more long-term funds to the industry. 🏦 Exchanges tend to be rational and pay more attention to project quality. Overall, the industry is gradually becoming mature and standardized. 🌳

What do you think of institutions frequently applying for crypto ETFs? What impact will the new project listed on Coinbase have on the market? Welcome everyone to actively discuss! 🙌