Recently, the cryptocurrency market has gradually moved towards the mainstream, leading to a surge in the number of cryptocurrency ETF applications. Investors hope to gain convenient access to cryptocurrency investments through ETFs, while reducing the risks and regulatory complexities associated with directly holding crypto assets. Major financial institutions are submitting applications to regulatory bodies, striving to seize the market opportunity. This trend not only reflects an increased trust in cryptocurrencies but also indicates that the regulatory environment is gradually opening up, suggesting that crypto assets will play a more important role in the global financial market.