According to Bloomberg's report, there are currently 72 cryptocurrency related ETFs waiting for SEC approval in the United States, including SOL XRP DOGE LTC DOT AXL AVAE APTOS SUI ADA PENGU and BONK's spot ETF applications, as well as ETH spot ETF pledge applications that many users are paying attention to. In fact, among these 72 data points, there is still a lack of applications for TRX spot ETFs. According to the content cited by @ justinsuntron, Canary Capital has already submitted the S-1 form for TRX's spot ETF to the US SEC on April 18th. And TRX has an advantage, which is that once the ETF's pledge approval is obtained in advance, the pledge can also start synchronously with the approval of TRX's ETF. Generally speaking, the application for a cryptocurrency spot ETF represents the interest of traditional capital in the token, believing that a large number of traditional investors will buy it before applying. Once it is approved by the SEC, it means that the token complies with the regulatory system in the United States. It can even be said that after the spot ETF is launched in the United States, it can be considered a compliant and mainstream asset from a global perspective. At present, only BTC and ETH spot ETFs have been approved in the United States, and the new chairman of the SEC in April has just arrived, so it is likely to take some time to give the final approval opinion.