đš Big Move in U.S. Crypto ETFs! đš
The SEC just opened the floodgates for crypto ETFs, and major tokens like XRP and Solana (SOL) are now included in a U.S.-listed fund.
đ Asset manager Hashdex has expanded its Nasdaq-listed Crypto Index U.S. ETF (NCIQ) to hold Bitcoin, Ethereum, XRP, Solana, and XLM â all backed 1:1.
đ This expansion follows the SECâs approval of generic listing standards, creating a faster approval path for crypto ETFs.
đ Grayscale already made headlines earlier this month with the first multi-asset U.S. crypto ETF, holding BTC, ETH, XRP, SOL, and ADA.
đ Why this matters:
âEasier access for traditional investors to gain crypto exposure.
âMore ETFs expected soon under the new rules.
âRegulatory tone has shifted â from âenforcement firstâ to innovation and commodity classification for most cryptos.
Analysts believe this could spark a wave of new crypto ETF products, giving institutions and retail investors alike a much broader gateway into digital assets.
đ„ The ETF era for altcoins may have just begun!
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