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- Litecoin and XRP ETFs pb filings successful post-Gensler SEC shakeup.
- Memecoin ETFs for DOGE, TRUMP, BONK spark involvement successful risky crypto bets.
- Trump’s SEC prime Paul Atkins fuels optimism for crypto-friendly policies.
The contention to motorboat immoderate and each cryptocurrency exchange-traded funds is on.
Major issuers are pushing for altcoin ETFs featuring Litecoin, XRP, Solana, and Dogecoin successful filings submitted successful the archetypal week aft Gary Gensler stepped down arsenic Securities and Exchange Commission Chairman.
The filings coincide with the commencement of President Donald Trump’s 2nd term, which analysts expect volition bring a much crypto-friendly regulatory environment.
CoinShares filed 2 proposals yesterday — 1 for Litecoin and the different for an XRP fund.
These funds purpose to marque it easier for investors to put successful cryptocurrencies without straight buying and managing the coins themselves.
Litecoin, often called “silver to Bitcoin’s gold,” has seen renewed interest, with its terms surging astir 80% successful the past six months.
XRP, known for its relation successful cross-border payments, has besides built up momentum aft a ineligible triumph clarified its presumption successful the US past year.
Grayscale has besides filed applications to person its existing Litecoin and Solana trusts into full-fledged ETFs.
Meanwhile, REX Shares and Osprey Funds person filed ETFs for Dogecoin, TRUMP, and BONK memecoins.
While their support is inactive uncertain, they awesome involvement successful much high-risk, high-reward crypto products.
Acting SEC Chairman Mark Uyeda temporarily leads the bureau arsenic President Trump’s nominee, Paul Atkins, awaits confirmation.
Known for his pro-business stance, Atkins is expected to make a much crypto-friendly regulatory environment, boosting optimism for caller filings.
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email astatine [email protected].
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