#SECETFApproval
Breaking news in the crypto world! The US Securities and Exchange Commission (SEC) has been making significant moves regarding ETF approvals.
Recent Approvals:
- Ethereum ETFs: The SEC approved eight spot Ethereum ETF applications in May 2024, marking a significant milestone for the industry. This decision came just four months after the regulator greenlit the first spot Bitcoin ETFs.
- Grayscale Digital Large Cap Fund : The SEC approved Grayscale's proposal to convert its Digital Large Cap Fund into a spot ETF, which includes exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano .
What's Next?
- XRP and Litecoin ETFs : Nasdaq has sought SEC approval for CoinShares' XRP and Litecoin ETFs, while other firms like Bitwise and WisdomTree have also submitted applications.
- High Approval Odds : Bloomberg analyst James Seyffart predicts 95% odds of approval for XRP, Solana, and Litecoin ETFs, citing growing institutional demand for crypto-focused products .
