Grayscale, one of the largest encryption asset management companies, is just introduced to SEC to create Litecoin and Solana ETF. It was also provided to other ETF products associated with other encryption.
The company “Bitcoin Tonclouts ETF” and Ethereum Ethereum are part of a huge increase in SEC applications since the resignation of Gary Gensler. It is currently not clear any of these products, if any, will fulfill the organizational approval.
Ramadi continues in the ETF race
Compared to other encrypted associations, the race was subjected to the creation of ETF Litecoin. The Canary Capital, based in Nashville, presented the first file in October, but a few followed her example.
SEC gives more signals that may agree to the Litecoin box, and NASDAQ has submitted it if approved. Today, gray has become the second company file For Etf Litecoin.
Although the price of Litecoin has recently increased due to ETF rumors, the Grayscale app has not yet transferred the needle. The price height calmed down quickly after ETF approval did not pass, and the market may be shy to raise its hopes again.
However, there may be other reasons that make the Litecoin market lack any noticeable movement. For example, the network has seen a very small number of technical promotions and developments compared to other thorns.
At the same time, gray too foot For many other ETF products, including Solana ETF. According to string Collected by Bloomberg Analyst James Sevart, Grayscale creates a product based on an artificial and MINI TRUST confidence, as well as a new idea:
“Gray is presented to“ Bitcoin Etf. The strategy details: The investment funds traded in stocks will carry the shares of companies that carry Bitcoin as part of the corporate treasury, ”Sefart Claim.
In short, gray priorities have given priority to Litecoin product, but it has also applied to three other ETF products on the same day. The company may be a leader in the race for the investment funds circulating in Bitcoin, however its products have been constantly controlled by the market by other ETF exporters.
Ethereum ethereum etf and bitcoin etf may be other attempts to scrape the bottom of the barrel. Currently, it is not clear (if any) of these products will pass organizational audit. Since the resignation of Gary Ginsner, many companies have submitted their own requests, including some investment funds circulating in Meme Coin.
If Grayscale succeeds in creating this slide of ETF offers, you are likely to face a very competitive market.
Disintegration
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