Crypto ETF Floodgates Will Open If SEC Crosses Regulatory ‘Rubicon’ for XRP, Solana and Dogecoin: Analyst
The post Crypto ETF Floodgates Will Open If SEC Crosses Regulatory ‘Rubicon’ for XRP, Solana and Dogecoin: Analyst appeared on BitcoinEthereumNews.com.
From Dogecoin to the first lady’s meme coin, a flurry of filings from asset managers eager to offer new crypto products may well push the Securities and Exchange Commission past a point of no return. As the Commission moves to clarify crypto rules under President Donald Trump, applications for spot crypto ETFs appear to be popping up day by day—ranging from Dogecoin, the original meme coin beloved by Elon Musk, to altcoins like XRP, Solana, HBAR, and Litecoin. An ETF is an investment product that allows its buyers to gain exposure to an asset without the need to hold, or store, the asset directly. Bitcoin ETFs, which were just approved by the SEC last year, enable investors to buy into BTC without dealing with cryptocurrency exchanges or digital wallets. Shares in these ETFs can be purchased via traditional brokerages, just like stocks. Without speaking to any of the firm’s specific SEC filings, Bitwise CIO Matt Hougan told Decrypt that regulators could approve spot ETFs for as many as five different digital assets this year. In order for that to happen, however, he said that the SEC would need to cross a regulatory “Rubicon.” “All commodity-based ETPs, [or] exchange-traded products, have had a regulated futures market,” he said. “There are no regulated futures markets outside of Bitcoin and Ethereum.” While the latest crypto boom was juiced by the SEC’s approval of spot Bitcoin ETFs a year ago—and the mountains of cash that followed—the SEC dragged its feet for a decade on spot Bitcoin ETFs, consistently citing fraud and market manipulation concerns in its rejections. Still, the SEC approved Bitcoin futures ETFs in 2021, and that decision ultimately paved the way for spot Bitcoin ETFs, following the asset manager Grayscale’s courtroom victory years later. ‘Arbitrary and capricious’ Bitcoin futures ETFs give investors…
Filed under: News - @ February 4, 2025 10:19 am