The head of crypto at CME Group, Giovanni Vicioso, recently discussed how Bitcoin ETFs have influenced the crypto industry by providing legitimacy and prompting wider promotion of Bitcoin by major distribution networks. Investment advisors now focus on educating clients about Bitcoin ETFs. Additionally, conversations about potential altcoins like Ethereum have emerged, with discussions expanding to include smart contracts, DeFi, and web3. Vicioso highlighted the possibilities for future ETFs for 22 altcoins, including Aave, Cardano, and Solana, selected for their potential use cases. However, the launch of such ETFs will hinge on regulatory clarity regarding the classification of these cryptocurrencies as commodities or securities.
Exploring Potential Altcoins for Future Spot ETFs
by Giorgi Kostiuk
2 years ago
0
Other news
MARA Holdings Boosts Bitcoin Treasury Amid Market Challenges
MARA Holdings has significantly boosted its Bitcoin treasury to over 52,850 BTC while facing market share challenges and stock price volatility.
ACX Introduces Bridge Everything for Effortless Crosschain Transfers
ACX has launched Bridge Everything, allowing users to transfer tokens across multiple blockchains with a single click, enhancing efficiency and reducing costs.
Systematic Global Macro Trend Following: Capturing Market Momentum
Global Macro Trend Following is a systematic strategy that uses algorithmic models to identify and capitalize on sustained price momentum across various markets.
Meta Earth Launches New Year Travel Funding Campaign
Meta Earth is launching a New Year campaign offering participants the chance to win up to 1,600 USDT in travel funding, promoting Unconditional Basic Income (UBI) and community engagement.
Analyst Colin Cautions Against Overly Optimistic Bitcoin Predictions
Analyst Colin warns that it may be too early to predict a new all-time high for Bitcoin despite recent rebounds.
Santiment Updates Ranking of Binance Smart Chain Projects Based on Developer Activity
Santiment has released an updated ranking of Binance Smart Chain projects based on developer activity over the last 30 days, with BTCB leading the list.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter