🚨 Great news for cryptocurrency exchange-traded funds! 🚨 The U.S. Securities and Exchange Commission (SEC) has officially approved the Hashdex Nasdaq Crypto Index US ETF (NASDAQ:NCIQ) ✅. This means it can now hold BTC, ETH, XRP, SOL, and XLM 🎉. The updated trust structure complies with the new listing standards on Nasdaq, making it easier to launch cryptocurrency exchange-traded funds.
💡 Previously, approvals took 270 days... now, it has dropped to just 75 days! This move has sparked a rush from asset managers to prepare for the launch of cryptocurrency exchange-traded funds in the fourth quarter of 2025 - a potentially booming time for cryptocurrency exchange-traded funds 🚀.
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Analysts expect the launch of exchange-traded funds tracking XRP# and SOL# in October ⏳. Grayscale even launched the Crypto 5 exchange-traded fund featuring Bitcoin, Ethereum, and $XRP , SOL, and ADA within 48 hours of the SEC's announcement.
The most important question now: Will investors accept exchange-traded funds linked to alternative coins with the same strength as Bitcoin and Ethereum? 🤔
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