One of the main topics of the cryptocurrency market for more than a year is already in circulating boxes on the stock exchange. First, he was driving Bitcoin (BTC), then ETHEREM (ETH), and now after its approval, the focus turned into other assets. Popular first and foremost.
It is not a secret that the likes of Dogecoin (Doge), Litecoin (LTC), Solana (SOL) and XRP are all into account by SEC and exporters to be in the next line of ETF approval. The deadline is extended, but the recognition here is already.
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In response to recent developments, the president of ETF Store, a company to advise specialized investment in these categories of financial tools, NATE GERACI, said he has no idea what SEC will do.
However, the expert loves the International Energy Agency to recognize Bitcoin and Ethereum ETF files, creativity and sincerity.
More importantly, the pillar in Ethereum ETFS, which was rejected by the organizer, has returned into consideration, as well as various apps for Sol, XRP, LTC and Doge ETF. Girassi says, clearly open to constructive conversation.
In his opinion, this is the organization through the conversation, which differs from the approach of enforcement and denial involved in the previous SEC collection.
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The advantages are actually not flawed. Once approved, the exchange funds on the stock exchange (ETF) will give investors these alternative cryptocurrencies through the organized stock market, without the need to work through special keys or encryption portfolios, or access to a central platform. A great outbreak of institutional adoption.
But there is still a lot of uncertainty. We do not have any clear schedules or guarantees, just guesses and slow progress. Nevertheless, at the present time, patience is still necessary.
