Currently, there are 36 types of cryptocurrencies with a total of 155 spot ETF applications. You can check if the Token in your hands has not been applied for; if it hasn't, it means that this Token is too lazy to even perform (this is not a derogatory term).

Yes, a large portion of the institutions applying are those with very low net worth and presence, basically just project parties spending money to have these institutions apply. The purpose of the application is to tell the market, I am still working hard on development.

Of course, it doesn't mean that those who haven't applied don't want to do well; it just indicates that this is a way to pump the market, and also a way to promote in the market, and it's very cheap. It lets the market know that at least these Tokens still have the intention to enter the traditional market.

Thanks to @JSeyff for the compilation.

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