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
100xSOON Perpetual Futures Prediction Market Launches with Revolutionary 30-Second Settlements
The SOON platform has launched its 100xSOON perpetual futures prediction market, featuring 30-second trading intervals and automated on-chain settlements.
Ethereum Set to Launch ERC8004 Token Standard for AI Agents
Ethereum is set to deploy ERC8004, a new token standard that provides AI agents with portable onchain identity and reputation tracking.
UK Advertising Standards Authority Takes Action Against Coinbase Ads
The UK Advertising Standards Authority has banned a series of advertisements from Coinbase for misleading marketing practices.
John Daghita Launches Memecoin LICK Amid Investigation
John Daghita, also known as Lick, launched a memecoin called LICK on the Pumpfun platform amid allegations of stealing over $40 million in cryptocurrency from US government wallets.
Foundation Ownership Transferred to Blackdove
Ownership of the NFT artist platform Foundation has been transferred to Blackdove to ensure its long-term future under new leadership.
Peter Brandt Identifies $93,000 as Key Level for Bitcoin Trend Reversal
Legendary trader Peter Brandt identifies $93,000 as a crucial level for Bitcoin to reverse its current downtrend.
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