CoinVoice has recently learned that according to Cointelegraph, Trump’s victory in the US presidential election may pave the way for more diversified cryptocurrency financial products.
Nansen analyst Edward Wilson said the Trump administration is likely to embrace more innovation in the cryptocurrency industry, including the launch of the first Ethereum-collateralized ETF.
Wilson said: "Because the regulatory environment is likely to be favorable to cryptocurrencies, we may even see the first Ethereum-backed ETF approved early in this new administration, which will fully utilize the advantages of ETH as an asset. If this happens, then ETH will become an exciting asset to watch." [Original link]
