#加密货币ETF发展 The first SUI ETF approval marks the further expansion of the crypto ETF market. Notably, this is a leveraged product, which is relatively rare among initial crypto ETF launches. From the data, 74 crypto ETFs have been launched this year, bringing the total to 128. Over the next 12 months, another 80 new products are expected to go live, demonstrating ongoing market enthusiasm for crypto assets.

This trend is worth paying attention to, but caution is also necessary. While leveraged ETFs offer higher potential returns, they also increase risks. For ordinary investors, it is recommended to first thoroughly understand the product structure and risk characteristics. From an on-chain data perspective, I will continue to monitor SUI's capital flows and large holder position changes to assess the actual impact of this ETF on the market.