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
Government Pressure Drives Majority of Debanking Cases in the US
A report from the Cato Institute reveals that most debanking cases in the US are influenced by government actions rather than individual bank policies.
Korbit Faces 273 Billion Won Fine for AML Violations
Korbit, a leading South Korean cryptocurrency exchange, has been fined 273 billion won for failing to comply with Anti-Money Laundering regulations.
Emergence of Remittix as a Key Player in Crypto Payments
Emergence of Remittix as a Key Player in Crypto Payments
US Treasury Unveils $200 Billion MBS Support Plan
The US Treasury has announced a new mortgage-backed securities purchase program to stabilize mortgage rates and improve housing affordability.
Ethereum Forms Symmetrical Triangle as Market Sentiment Remains Cautious
A symmetrical triangle is forming in Ethereum's price action, indicating potential volatility as buyers and sellers are in a standoff.
Blockchain Technology Revolutionizes Medical Data Exchange
Blockchain technology improves medical data exchange by addressing privacy concerns and data silos through decentralization and transparency.
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