As I mentioned in my thoughts yesterday, sol has reached the upper pressure and is giving a pullback. I personally believe that after Sunday and the start of next week, sol will undergo a relatively good pullback. Therefore, it is still possible to continue trying to short at high levels, specifically around 248, 253, 257.5, and 263, looking down at a space of 3-33 points. #美联储降息25个基点##BTC战略储备市场影响##XRP ETF上线#

SEC encryption ETF deregulation: hundreds of new products are poised to launch, the crypto market knocks on the door of mainstream finance. After years of waiting, the encryption industry has finally welcomed a key positive development released by the U.S. SEC. On September 17, the SEC voted to approve a significant resolution allowing leading trading platforms such as Nasdaq and the Chicago Board Options Exchange to list crypto market ETFs according to a common standard. This move is not just a simple rule adjustment, but significantly compresses the approval cycle for new ETFs from the original "monthly calculation" to about 75 days, achieving several times the approval efficiency. Regarding the impact of this rule adjustment, Bloomberg analyst Eric Balchunas provides a positive forecast based on historical patterns. He pointed out that after the SEC simplified ETF rules in 2019, the number of products doubled. In the next 12 months, the number of new crypto ETFs is highly likely to exceed 100, showing a "blowout growth" trend. The influence of the new regulations has quickly become apparent. The Grayscale Digital Large Cap Fund has been the first to be approved for listing, and the Chicago Mercantile Exchange is also planning to launch index options related to Bitcoin ETF; more importantly, cryptocurrencies like XRP and Solana, which were previously blocked from the ETF door, now have the opportunity to push for compliant listings. The SEC's shift in attitude this time contains long-term strategies. SEC Chairman Paul Atkins clearly stated that simplifying the approval process is to "unleash innovation" and to ensure the United States maintains its leading position in the digital assets field. This marks a transition in regulatory thinking from the past "defensive regulation" to "constructive framework building," actively seizing opportunities for the development of digital finance. However, amidst the market frenzy, potential risks still need to be heeded. On one hand, the influx of a hundred ETF products will inevitably lead to homogeneous competition; on the other hand, ordinary investors' understanding of encryption assets is still insufficient, which may result in "blindly following the trend" investment behavior. However, it is undeniable that this rule adjustment is equivalent to issuing a "mainstream financial entry ticket" for encryption assets, and more institutional funds will flow in the future, pushing the entire industry from "barbaric growth" to a new stage of "mature compliance."

As I mentioned in my thoughts yesterday, sol has reached the upper pressure and is giving a pullback. I personally believe that after Sunday and the start of next week, sol will undergo a relatively good pullback. Therefore, it is still possible to continue trying to short at high levels, specifically around 248, 253, 257.5, and 263, looking down at a space of 3-33 points. #美联储降息25个基点##BTC战略储备市场影响##XRP ETF上线#