Solana ETF Sees Green Light While XRP Remains on Hold
The Exciting Journey Towards crypto ETFs: Unfolding Possibilities and Hurdles In the rapidly evolving world of cryptocurrencies, the spotlight often shines on the innovative approaches to investment they bring, especially with the concept of Exchange-Traded Funds (ETFs) for digital currencies The financial ecosystem has been buzzing more than ever with the recent nod from the SEC towards eight ethereum ETFs, sparking conversations and raising hopes for a broader inclusion of various cryptocurrencies in the ETF sphere, including Ripple’s XRP and Solana’s SOL However, as we delve deeper into the specifics, the path to achieving an ETF status for some cryptocurrencies reveals several intriguing challenges and breakthroughs The Rocky Road for XRP’s ETF Ambitions An insightful discussion unveiled by Matthew Sigel, the head of digital asset research at VanEck, on the Thinking crypto podcast, casts a spotlight on the intricacies involved in establishing a cryptocurrency ETF Sigel articulates that this endeavor is not a solo flight but requires a synergistic approval from multiple stakeholders including the regulatory bodies, the asset issuers, and supportive players like exchanges, market makers, and custodians...
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