The growing interest in launching new spot exchange-traded funds (ETFs) backed by cryptocurrencies such as Litecoin and Cardano is gaining momentum in the US.
Filing Applications for Cardano ETF
NYSE Arca has filed an application with the SEC to launch a Cardano ETF on behalf of Grayscale, allowing investors to access ADA's price movements through traditional brokerage accounts without directly holding the asset.
Litecoin ETF Prospects
Bloomberg analysts predict a 90% approval rate for Litecoin's ETF, attributed to its established reputation and fewer regulatory barriers compared to other cryptocurrencies.
Regulatory Challenges and the Future of Crypto ETFs
High interest meets regulatory hurdles, but growing institutional demand and political changes could expedite approval of new crypto ETFs.
While the expansion of cryptocurrency investment products promises to be an important trend, the approval process requires overcoming numerous regulatory barriers. The coming months will be critical in shaping the crypto ETF landscape in the US.
