0
Please log in or register to do it.

Bitcoin and ETH spot ETFs have proven to be lucrative investment tools. With their successful launch, investors are now eager for the SEC to approve other altcoin ETFs, inspired by the triumph of Bitcoin ETFs introduced last month. According to prominent podcaster Lark Davis, there is speculation that the SEC may soon give the green light for altcoin ETFs, potentially paving the way for the launch of XRP, Dogecoin, and Solana-backed ETFs in the near future.

 

 

 

 

Davis also anticipates Ethereum’s surge to $4,000 by May 23rd, attributing it to the anticipation surrounding the launch of ETH ETFs as the next significant development. He suggests that the introduction of an ETH ETF could catalyze the rise of other altcoin ETFs in the market.

 

Commenting on this, Davis stated, “What happens when we get an Ethereum ETF? What do you think the market’s going to pivot to almost immediately? That we’re going to get more altcoin ETFs.”

 

 

 

 

Davis’s speculation is rooted in a Standard Chartered Bank report, suggesting that the SEC may soon approve ETH-backed ETFs. However, ARK Invest CEO Cathie Wood holds a contrasting view, expressing skepticism that the SEC will authorize ETFs beyond Bitcoin and Ethereum. Wood believes that altcoin ETF approval may not be in the regulatory cards.

 

 

 

FTC Strengthens Rules Against Deepfakes, Targets Impersonation Scams
Ripple's (XRP) Potential Path to $413: Analysis and Predictions

Your email address will not be published. Required fields are marked *