✨✨Who leads the race to be the next crypto ETF?
📢 Here are the candidates...🫅
Following the approval of 2 crypto ETFs in 2024 (ETH and BTC), the U.S. Securities and Exchange Commission keeps the intrigue about who will be next. This paper explores the possible candidates for the third ETF and who is leading that race. It is highlighted that this varies according to the analysts making the predictions.
The race for spot crypto products in the United States is one of the most complicated. The previous administration of the SEC did everything possible to block these products, alleging various false narratives about cryptocurrencies. Meanwhile, the new administration has a more favorable view but still has not approved any funds.
In fact, recently the SEC postponed the approval dates for several crypto funds like XRP and DOGE. Just a few days ago, they also made the same decision regarding the ETFs of HBAR and DOT. Given this reality, analysts make their bets amid uncertainty.
According to Bloomberg Intelligence ETF expert Eric Balchunas, there are two clear candidates to be the next spot crypto product on the exchange. In a post on X, the expert emphasizes that these are the funds of Solana and Litecoin (90% probability). Meanwhile, he considers the rest have less chance of being at the forefront of this race.
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