📢Blockchain news flash is here! Variant Fund Chief Legal Officer Jake Chervinsky recently said that he predicts that the U.S. Securities and Exchange Commission (SEC) may reject the SOL ETF application due to the lack of a futures market. 😮
However, Hasseb Qureshi, partner at Dragonfly Capital, holds a different view. He believes that BTC and ETH-based ETFs are more likely to meet the SEC's market monitoring requirements. 👀Why? Because the futures market for trading these assets is already quite developed. But he also pointed out that without a listed futures market, market monitoring standards cannot be met. 🤔
In general, although the regulatory dynamics of the blockchain industry are still full of variables, we are optimistic about the prospects of Bitcoin. 🚀Let's pay attention to the development of this industry together!