Exciting Developments in Crypto ETFs:
The SEC has recently approved 19b-4 forms for eight spot Ethereum ETFs, signaling a significant milestone for the crypto market. Leading companies such as BlackRock and Fidelity are among those granted the green light. Yet, the road to approval for other spot crypto ETFs may prove more challenging.
Amidst this backdrop, voices from the industry are speculating about the potential for ETFs linked to alternative cryptocurrencies. Anthony Scaramucci, former White House Communications Director and managing partner of SkyBridge, foresees a Solana ETF on the horizon. "A SOL ETF is coming, get ready," he confidently stated following the approval of spot Ethereum ETFs.
Brian Kelly, a CNBC host, also weighed in on the discussion, highlighting Solana as a potential candidate for an ETF. "Bitcoin, Ethereum, and Solana are probably the big three for this cycle," Kelly remarked, hinting at Solana's potential to make waves in the ETF space.
Joe McCann, a Solana investor and founder of crypto fund Asymmetric, echoed similar sentiments, expressing belief in Solana's prospects for an ETF approval. However, he cautioned about potential regulatory hurdles, referencing language from the Coinbase case that could impact future approvals.
McCann also pointed out Dogecoin as another contender for an ETF, citing its similarities to Bitcoin's launch and its clear status as "definitely not a security." Litecoin has also garnered attention for its potential as an ETF candidate, although the financial obligations associated with launching a Litecoin ETF may pose challenges for issuers.
While the possibilities are exciting, regulatory considerations remain paramount in the journey toward expanding the range of crypto ETF offerings. Stay tuned for further developments as the landscape continues to evolve. $SOL $LTC $DOGE #ETHETFsApproved #BlackRock #LTCš #Doge #SolanaStrong