Wall Street investors' attention is shifting from alts to cryptocurrency companies preparing for an IPO. These companies have a total valuation of over $200 billion and are expected to raise $30 to $45 billion through their IPOs, showcasing tremendous market potential.

Industry giants like Kraken and BitGo are actively preparing for IPOs, supported by large institutions. This trend indicates that the focus of the crypto assets market is shifting from speculative altcoin trading to publicly listed companies that can attract significant capital inflows.

Nevertheless, there are still certain opportunities in the alts market. Bitcoin's market dominance has declined, while Ethereum has performed strongly. Some tokens applying for ETFs, such as SOL, XRP, DOGE, and ADA, may become the next investment hotspots.

Large institutional investors are primarily focused on upcoming listed encryption companies, but certain alts still have the potential to attract investors' attention. As a batch of ETF approval results is about to be announced in October, the market may welcome new investment opportunities.

This trend reflects the maturation process of the Crypto Assets market. Investors are gradually shifting from pure coin speculation to a focus on the entire industry ecosystem, including companies that provide infrastructure and services. This shift could bring more stability and long-term development opportunities to the entire Crypto Assets industry.

However, investors still need to be cautious. The high volatility of the Crypto Assets market still exists, and the regulatory environment is constantly changing. When making investment decisions, risks should be fully considered, and close attention should be paid to market trends and changes in regulatory policies.