📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
#加密资产ETF发展# Looking back at the development of crypto assets over the past decade, I have witnessed the entire process from the birth of Bitcoin to the emergence of various tokens. Now, with regulations gradually becoming clearer, the ETF, a traditional financial tool, is also starting to venture into the crypto space. Japan's SBI Holdings' recent actions are quite representative - although they have not yet formally submitted an application, they have partnered with Franklin Templeton to prepare for the launch of a Bitcoin ETF. This reminds me of the scene in 2013 when the Bitcoin fund first traded on NASDAQ, which also stirred up quite a wave.
However, the current environment is very different. Regulators are more cautious, and investors are more mature. The hybrid ETF that SBI plans to launch, which combines gold and digital assets, is an attempt to balance risk and return. This product design reflects the evolution of the market - from single asset speculation to diversified asset allocation management.
Recalling the bull market of 2017, many people blindly chased rises and sold on dips. Today, institutional investors seek compliance participation under controllable risks. The cautious attitude of Japan's Financial Services Agency towards the classification of encryption assets is precisely to avoid repeating past mistakes. History teaches us that regulation and innovation need to be balanced; too fast may trigger a bubble, while too slow may miss opportunities.
Looking to the future, I believe that encryption ETFs will become an important bridge connecting TradFi and digital assets. It may attract more institutional funds, enhancing market liquidity and stability. However, we must also be vigilant about potential new risks, such as the impact of ETFs on the prices of underlying assets. After all, every round of innovation comes with new challenges.
As a witness and participant, I look forward to the continued evolution of this industry. Whether it is financial giants like SBI or emerging startups, they are all contributing to this ecosystem. Let us wait and see how Japan will balance innovation and regulation to set a new benchmark for the global encryption market.