Nexo
Nexo|Feb 15, 2025 14:34
Exchange-traded products (ETPs) are gaining rapid traction, consistently driving asset growth and expanding market access. Now, four well-known assets are positioning themselves as strong candidates for ETPs: ▪️ SOL – The SEC’s review of a #Solana ETF marks a shift as SOL now has five pending ETF proposals and rising institutional demand. ▪️ XRP – The race for a spot XRP ETF is on, with the SEC recently approving the 19-b4 filings of Greyscale and 21Shares. ▪️ LTC – Bloomberg analysts suggest the SEC may approve multiple crypto ETFs at once, with Litecoin among the frontrunners. How so? It all has to do with its similarities with Bitcoin in its PoW operating mechanism, making it a strong candidate. ▪️ DOGE – NYSE Arca has filed with the SEC to list Grayscale’s spot #Dogecoin ETF, offering DOGE exposure without direct ownership, with a 45-day review period. By recognizing these assets, the SEC may encourage institutional portfolios to diversify beyond #Bitcoin, fostering liquidity and innovation.
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