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Although the frenzy triggered by the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC) in early 2024 is still ongoing, more and more crypto ETF applications are being submitted to the institution every day. With the changing environment with the election of Trump, the chances of these funds being approved are increasing day by day.
2024 has been a unique season for cryptocurrencies. With the SEC’s approval of Bitcoin Spot ETFs in January for the first time in years, the price of Bitcoin skyrocketed, reaching $73,000 in March. After that, long-term accumulation could not stop the boom. Bitcoin hit $64,000 and added a record high as ETFs continued to invest heavily.
Expectations rose with Ether.
The anti-crypto policies of the Gary Gensler-led Biden administration also failed to curb ETFs. Unexpectedly, the Ether Spot ETF was also approved in May. The SEC failed to respond to market and investor demands. Ether ETFs took longer than expected to open for trading, but although it was difficult, it was not too late.
The green light for Ether also encouraged financial investment and service companies. Some well-known companies, from VanEck to Canary Capital to Bitwise, have started filing for new crypto ETFs. Finally, an unexpected HBAR spot ETF application was also made.
so far;
- Canary Capital, Bitwise and 21Shares XRP ETF’i
- Canary Capital, 21Shares and VanEck Solana ETF’i
- only Canary Capital Litecoin ETF’i
- And then only Canary Capital HBAR ETFHe applied.
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