SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes
The post SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes appeared on BitcoinEthereumNews.com.
Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Crypto investors might have a lot of options next year when it comes to publicly traded crypto securities, one of which would be a combination of Bitcoin and Ethereum. A Wave Of Crypto ETFs Two Bloomberg analysts anticipate that exchange-traded funds – XRP and Solana in particular- will soon flood the cryptocurrency space as they foresee that the SEC will approve several of these investment instruments next year. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Eric Balchunas, one of the Bloomberg analysts, said in a post. An atmosphere of optimism continues to encapsulate the crypto market as the incoming administration of US President-elect Donal Trump indicates that current SEC Chair Gary Gensler will be stepping down from his office. We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the btc + eth combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending… pic.twitter.com/29vMdciZxE — Eric Balchunas (@EricBalchunas) December 17, 2024 Gensler has been perceived as an anti-crypto state official who implemented stringent regulations on the cryptocurrency space that hinder the growth of digital assets in the US. Many crypto traders are running high on optimism that Trump will appoint a new SEC head that will be more open to crypto exchange-traded funds. XRP is currently trading at $2.54. Chart: TradingView Bitcoin-Ethereum ETF To Get The Go Balchunas and fellow Bloomberg analyst James Seyffart believe that an exchange-traded fund that put together Bitcoin and Ethereum would be the…
