Rally

Solana

In the US, the SEC approved Ethereum ETFs after approving Bitcoin ETFs. 
After the ETH ETF approval, eyes turned to other cryptocurrency ETFs such as Solana (SOL) and XRP, while a report came from JP Morgan. 
JP Morgan said it does not think the SEC will approve Solana or any other altcoin ETFs, The Block reported. 
JPMorgan managing director and global market strategist Nikolaos Panigirtzoglou told The Block that they doubt the SEC will approve other altcoin ETFs other than Ethereum, given its stance that most cryptocurrencies are securities. 
At this point, Panigirtzoglou stated that he thinks no more altcoin ETFs will come unless U.S. policymakers pass a law deeming most cryptocurrencies as non-securities. 
<blockquote> 
 “We have doubts that the SEC will approve any other altcoin ETF other than Ethereum. 
 The SEC's decision to approve ETH ETFs has already been relaxed given uncertainty about whether Ethereum should be classified as a security. 
 We don't think the SEC will go any further on the ETF issue by approving Solana or other token ETFs. 
 Because we expect the SEC to classify altcoins other than Bitcoin and Ethereum as securities.” 
</blockquote> 
Related News: <a href="https://en.bitcoinsistemi.com/expecting-150-thousand-dollars-in-bitcoin-and-8-thousand-dollars-in-ethereum-standard-chartered-pointed-to-2025-for-solana-and-xrp-etfs/" target="_blank" rel="dofollow">Expecting 150 Thousand Dollars in Bitcoin and 8 Thousand Dollars in Ethereum, Standard Chartered Pointed to 2025 for Solana and XRP ETFs!</a> 
*This is not investment advice.+ 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/will-there-be-an-etf-rally-in-solana-and-xrp-jp-morgan-announced/">Will There Be an ETF Rally in Solana and XRP? JP Morgan Announced!</a>

Will There Be an ETF Rally in Solana and XRP? JP Morgan Announced!

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 27 thg 5, 2024

Starknet, Algotech, and Render Token Become Top Investor Choices, Here’s Why!

The Myro Price Surges 57% In A Week, But Experts Say Consider This New AI Meme Coin For Parabolic...

SEC Approves Spot BTC and ETH ETFs, Experts Speculate on Future Approvals

BlockDAG’s Updated Dashboard Drives Presale to $34M, Eclipsing Jupiter & Shiba Inu Price Prediction

Veteran Trader Peter Brandt Reveals Ethereum (ETH) Strategy

FLOKI Trends on Binance as the Hottest Meme Coin

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!