Seeing SXT's tweet, I suddenly remembered that @Grayscale Grayscale was going to apply for an IPO recently, and I spent a little time thinking about what impact it would have on Grayscale's altcoin Trust if the IPO was successful. At present, Grayscale manages a total of 35+ investment products, including the most well-known BTC spot Bitcoin ETF, with total assets of $33 billion. It is the latest variety they have added to Trust, and the price has also risen in the past two days. If Grayscale's successful listing is launched, it will most likely be good for the altcoin trust it manages, because: ⏩ Listed companies are subject to regular financial audits and compliance oversight by the SEC, which will greatly enhance institutional investors' trust in Grayscale's products. After the IPO of Grayscale, the equivalent of an altcoin product received an "indirect endorsement". ⏩ The altcoin trust market is smaller and illiquid, and the marginal impact will be more pronounced once there is institutional participation. ⏩ Although there are still compliance hurdles in the short term, once the BTC AND ETH ETF are perfected, and the altcoin spot ETF is released, Grayscale is the most qualified manager to launch the first batch of managers. Therefore, in the wave of crypto compliance, Grayscale's IPO is also a matter worth paying attention to, because it may also be one of the engines that will bring new blood to the current withered altcoin market. ~~~~~~~~ I also found some interesting points: At present, in the Grayscale Trust list, the AUM (assets under management) of the newly added $SXT exceeds that of most other trust products, and even exceeds $SUI (18.8M vs 12.4M). Part of the reason should be that Sui has more investment channels than mature, but $SXT is significantly ahead of other copycat trusts such as $STX, $PYTH and even $TAO. So it shows that @SpaceandTimeDB is still very popular in the European and American markets? I checked Grayscale's last Trust product on the shelves was Optimism Trust and Lido DAO Trust in December 24. After half a year, I chose $SXT, and I always feel that there is a story. Prepare for the next step and leave some time to dig in.