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
Ethereum Attempts Recovery Amidst Selling Pressure
Ethereum is attempting to rebound after recent selling pressure, but the recovery is weak.
Tesla Stock Anticipated to Surge Following Grok AI Launch
Tesla stock is expected to rise following the launch of the Grok AI Assistant, which introduces new features for users.
Tesla Launches Grok AI Assistant in Europe, Boosting Stock Potential
Tesla has launched its Grok AI Assistant in the UK and European markets, enhancing its vehicle software capabilities.
China Boosts Oil Imports from Russia as India Shifts Focus
China has significantly increased its oil imports from Russia after India ceased procurement under a US trade deal.
Strategy's Bitcoin Accumulation Continues Despite Market Fluctuations
Strategy has been consistently adding to its Bitcoin holdings for 12 weeks, despite market fluctuations.
Fraudulent Letters Target Crypto Hardware Wallet Owners
Crypto hardware wallet users are receiving fake letters impersonating Trezor and Ledger, designed to steal digital assets.
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