The US Securities and Exchange Commission that streams the approval process for products exchanged by Crypto Exchange (ETP) may trigger an influx of new offerings, but it does not guarantee their success, a warning of a executive executive.
“Adopting the criteria for the common list – which may come early in October – likely to motivate a ton of new Crypto ETPS. It’s easy Says In a report on Monday.
However, Hougan warned that launching a Crypto ETF should not be confused with the modified hype for cryptocurrency.
The “crypto etfs'” exist only “there is no guarantee of success
“Just having a crypto ETP does not guarantee significant flows. You need a basic interest in the underlying owner,” Hougan said.
“I hope that ETPs developed in property -owners like Bitcoin Cash will find it difficult to attract flows unless the asset itself finds a new life,” he added.
However, Hougan emphasized that the launch of ETF positions would interrupt when “foundations begin to turn,” while ETFs make it easier for traditional investors to provide capital capital.
Sygnum’s head of research Latter Tischhauser, told Cointelegraph In February there “Is all this chaos in the market about the ETFs to come, and no one can be taught where the big demand came from.”
Two New Altcoin Exchange-Traded Funds are expected to launch In the US this Sunday, XRP tracking (XRP) and dogecoin (Doge).
On July 3, the first ‘Solana (the first Solana (Sol) Staking ETF ended its debut trading day with $ 12 million in the flow, which Bloomberg ETF Analyst James Seyffart Said is a “healthy start to trading.”
Currently, the SEC reviews the Crypto ETF spot on a basis by case. The providers should file detailed measures showing that the underlying market is liquid enough and resistant to manipulation, among other requirements.
The new process will see the following Crypto ETFs “almost guaranteed”
The review can take up to 240 days, with no guarantee of approval.
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Under the new process employed by the SEC, applications are “almost guaranteed” if they meet accurate requirements, Hougan said. “It’s also fast: Applications will be approved in 75 days or less.”
Bitfinex analysts said on August 26 that Altcoins may not see a wide, outsized rally until approved by Crypto ETFs that provide investors Exposure will further lower the risk curve.
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