#现货交易 Grayscale and Bitwise, two major institutions, are rushing to file ETF products, including mainstream coins like TAO, UNI, and AAVE. This signals very clearly — institutions are positioning themselves, and retail investors should keep up with the pace.

Let me break down the key points for you: Grayscale's TAO ETF and Bitwise's 11 strategic ETFs are all targeting effective dates in 2026. What does this mean? It indicates that these projects are viewed as long-term promising by institutions, and the current entry costs are not overly high.

From the perspective of spot trading, there is usually a wave of speculative hype before ETF approval, but the real gains come from long-term holding. Instead of waiting for the ETF to launch and chasing the high, it's better to establish a foundational position now — participate in these assets that are about to become focal points for institutions with minimal cost.

That application document from Bitwise is particularly worth noting: 60% direct token investment, 40% allocated to ETP products. This is a standard institutional allocation approach. In other words, the current spot price might be your cheapest entry point in the future. No need to pursue perfection; gradually build positions at low levels, letting time and institutional momentum handle the rest.