The probability that US regulators who approve a wave of funds quoted in cryptocurrency exchange (ETF) are now almost a certainty, indicating a continuous pro-Crypto change in the Bag and Values ​​Commission (SEC), according to Bloomberg Erich Balchunas and James Seyffart analysts.
In a social networks publication on Friday, Seffart said that he and balchunas have increased their probabilities for the vast majority of ETF A “90% or more” approvals, citing a “very positive” commitment of the SEC.
The analysts also suggested that the “probable” SD sees cryptocurrencies such as Litecoin (LTC), Solana (Sol), XRP (XRP) and Dogecoin (Doge) as basic products, a designation that would place them outside their immediate jurisdiction.
Seyffart pointed out that the moment of approval and the launch of Spot products still is not clear. He speculated that the process could take several months and can extend beyond October.
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Assets administrators seek to replicate the success of the ETF Spot Bitcoin (BTC), which saw the demand overcome expectations in the first year, which culminated in the launch of ETF of ETF of ETF most successful of all time.
Ishares Bitcoin Trust of Blackrock, which is quoted under the Ibit ticket, has been the most successful product. In June, it exceeded the assets of $ 70 billion after registering 31 consecutive tickets. As Balchunas pointed out, Ibit reached that milestone in just 341 days.
However, Bitcoin’s success can be difficult to replicate, given the warm demand of ETHher (eth) since they were launched last July.
Although ETF tickets have improved in recent months, Glassnode reported that for May, the average ETF ETF investor remained “substantially under water.”
While the demand for other cryptographic assets could eventually exceed the ether, it is unlikely that the Altcoins will erosion Bitcoin’s domain in the ETF market in the short term.
However, investors closely monitor several proposals, such as the ETF XRP and Sun by Franklin Templeton, who were recently opened for public comments by the SEC.
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