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Analysis: US SEC will open the floodgates for cryptocurrency ETFs such as SOL and XRP
Odaily News Analysts believe that the latest guidance from the U.S. Securities and Exchange Commission may attract a large number of cryptocurrency exchange-traded funds (ETFs) that invest in Solana, XRP, and even Trumps meme coin TRUMP to submit applications. In stark contrast to the previous leadership that tried to prevent the approval of the Bitcoin ETF, the guidance from the new U.S. SEC Chairman Paul Atkins provides asset management companies with more details on how to obtain SEC-approved exchange-traded products linked to cryptocurrencies. Although the guidance is not a formal rule, it reflects the current SEC administrations goal of being more proactive in cryptocurrency regulation. (Fortune)
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