SEC Greenlights New ETF Standards, Opening Door for Altcoin ETFs
The U.S. Securities and Exchange Commission (SEC) has approved new generic listing standards for spot crypto and altcoin exchange-traded funds (ETFs), marking a landmark shift in digital asset regulation. Related Reading: 8-Year Accumulation Phase Could Catapult XRP Price To $6 Previously, every crypto ETF required lengthy case-by-case approval under Section 19b-4—a process that could drag […]
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Crypto reporter Eleanor Terrett shared that two new altcoin exchange-traded funds (ETFs) are about to start trading on the NASDAQ, beating out Dogecoin and XRP spot ETFs. According to the journalist, everything needed to begin trading is already in place, even though the government is in a shutdown. The legal rules allow these ETFs to […]
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products....
Since its inception in 2012, XRP has seen several notable moments and achievements. Despite these significant milestones accomplished over time, one key development is poised to stand out the most and be the next big game-changer for the leading altcoin: the XRP Spot ETFs. Spot ETFs, The Crowning Moment For XRP While the XRP Spot […]
While the Bitcoin community fixates on the upcoming halving and wavy interest in spot exchange-traded funds (ETFs), a looming threat could hinder its growth and adoption of the world’s most secure network: fragmentation of token standards. Token Issuing Standards On Bitcoin Fragmented In a post on X, one analyst pointed out the proliferation of competing token […]
Quick Facts: 1️⃣ A record 16 ETF applications are set for SEC deadlines this month, making October the biggest ETF month in crypto history. 2️⃣ The SEC’s new generic listing standards have made it easier for spot crypto and altcoin ETFs to be approved and listed on major exchanges. 3️⃣ With institutions rushing in and […]