Which cryptocurrency ETFs would be approved next? Speculation on a key day
This Thursday, May 23, the United States Securities and Exchange Commission (SEC) defines whether or not to approve ether (ETH) ETFs, the native digital token of the Ethereum network. If the answer is positive, The organization opens an important door for other companies to present similar projects.
While several analysts speculate on the price that the currency created by Vitalik Buterin could reach, others focus on What could be the next altcoin ETFs (cryptocurrencies that are not bitcoin) that would be approved by the SEC.
In the last few hours, CNBC’s “Fast Money” trader, Brian Kelly, raised the possibility that solana (SOL) could be the next cryptocurrency to get a cash exchange-traded fund in the United States.
“The question now is, ‘Who’s next?'” Kelly said, adding, “You have to think of Solana as next. Bitcoin, Ethereum and Solana are probably the big three for this cycle.”
As Criptonoticias already reported, the cryptocurrency created by Anatoly Yakovenko that specializes in the execution of smart contracts, has had a good weekly performance. It is currently the fourth crypto asset with the highest market capitalization.
Kelly’s speculation generated a debate within the community on the social network
Litecoin founder is bullish on LTC
On April 30, the official Litecoin (LTC) X account shared an article where its founder, Charlie Lee, predicts the imminent arrival of a spot ETF. In turn, he indicates that it could be approved by the SEC, emphasizing certain similarities between Litecoin and Bitcoin (BTC). It is worth noting that this network has some characteristics similar to BTC, such as the use of mining and the existence of halvings.
According to him, Lee believes that as the cryptocurrency market continues to mature, investors will recognize the value, according to him, of LTC and its potential growth.
Would memecoin ETFs be possible? There are those who think so
In the midst of the debate that arose from Kelly’s statements, the partner of the Cinneamhain Ventures firm, Adam Cochran, remarked that, in his opinion, LTC could be the next digital currency to have its ETF in cash, although it surprised the community by also include dogecoin (DOGE).
“I think first (in reference to SOL) you would have LTC and DOGE. Much lower demand, but cleaner roads,” she indicated. He refers to the fact that in these two cryptocurrencies there were no pre-sales, but rather they were issued from the first moment through mining.
It is worth clarifying that DOGE is a meme cryptocurrency that was created as a joke, whose representative image is a Shiba Inu dog, on which grammatically incorrect phrases are superimposed. For this reason, it is striking that there are those who seriously believe that the SEC can approve an ETF based on dogecoin.
Exchange-traded fund specialist James Seyffart wrote that he is not sure if DOGE can make it into an ETF in the United States. In any case, he expressed his doubts about it: “But who knows!”
For now, all of these are nothing more than speculations about some cryptocurrencies. It will be important to wait for the SEC to determine whether or not to approve Ethereum ETFs and, whatever their decision, know what they base it on. This could be used to speculate which would be other cryptoassets “worthy” of being included in an ETF, according to the regulatory body. Let us remember that, for this institution, many cryptocurrencies are, in reality, securities (securities) unregistered so they argue that they should not be allowed to be traded in the United States.
