Exchange-traded funds have become a major topic in the cryptocurrency market. After Bitcoin and Ethereum ETFs were approved, the focus has shifted to other assets like Dogecoin and Litecoin.
Current ETF Situation
Currently, cryptocurrencies such as Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP are under consideration by the SEC and issuers as the next candidates for ETF approval. Despite the lack of clear deadlines, the acknowledgment of these assets is already on the agenda.
Expert's View on SEC's Position
According to Nate Geraci, president of ETF Store, it is difficult to predict what the SEC will do, but he is pleased that the regulator has acknowledged the filings for Bitcoin and Ethereum ETFs, and is reconsidering Ethereum staking and other cryptocurrencies. Geraci views this as an openness to constructive dialogue.
Advantages and Uncertainties Towards Approval
The approval of ETFs could provide investors with access to cryptocurrencies through regulated markets, bypassing the use of private keys or crypto wallets. However, there are no clear timelines or guarantees, and patience is essential.
The potential approval of ETFs for cryptocurrencies would open new horizons for institutional investors. However, uncertainties remain, requiring patience.
