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
Starknet STRK Breaks Out with Strong Bullish Momentum
Starknet's STRK closes at 7315 above the upper Bollinger Band, indicating a significant bullish breakout amidst Bitcoin's bearish trend.
Jake Paul's Rise from YouTuber to Professional Boxer
Jake Paul has made a remarkable transition from a teenage content creator to a professional boxer, achieving significant milestones in the sport.
Jake Paul to Face Anthony Joshua in Historic Boxing Match
YouTube star Jake Paul is set to fight former heavyweight champion Anthony Joshua on December 19 at the Kaseya Center in Miami.
Certora Partners with Cork and Hypernative to Enhance DeFi Security
Certora has announced a strategic partnership with Cork and Hypernative to improve security in decentralized finance (DeFi).
Tothemoon Provides Ongoing Support for Token Projects
Tothemoon provides ongoing support for token projects after their launch, helping them attract new holders and build momentum.
BNB Emerges as a Leading Large-Cap Altcoin
BNB has solidified its position as a leading large-cap altcoin, with a market cap exceeding $12.65 billion.
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