#稳定币增长与监管 Amplify's recent moves are worth paying attention to. The two new ETFs are respectively aligned with stablecoin technology and tokenized assets, with very clear holdings compositions—STBQ focuses on infrastructure layer assets like SOL, ETH, XRP, LINK, while TKNQ expands to cover 53 asset classes across the RWA landscape.

From an on-chain perspective, this reflects institutional differentiation in judgment between the two directions: the stablecoin sector, as regulation becomes clearer, is beginning to attract compliant capital; tokenized assets are positioned as a longer-term growth track. The listing on NYSE Arca signifies formal acceptance by traditional financial channels, which will bring in considerable incremental funds.

It is important to note that such ETF products often serve as triggers for concentrated capital inflows. It is recommended to monitor the capital flow and holdings changes after these two funds are listed, especially to observe whether there are institutional accumulation signals in the assets with higher weights in TKNQ. Infrastructure tokens in the stablecoin and RWA sectors may experience a short-term wave of risk appetite recovery.