SEC Likely To Approve New Altcoin Spot ETF This Year


8h05 ▪
5
min read ▪ by
Luc Jose A.

The regulatory lock on cryptos in the United States could soon be lifted. According to Bloomberg, spot ETFs for XRP, Dogecoin, and Cardano now have a 90 % chance of being approved by the end of this year. A first, given that only Bitcoin and Ethereum had until now received the SEC’s approval. Behind this shift is a clear signal : the U.S. regulator is changing its tone. And altcoins, long kept at bay, are preparing to join the arena of traditional financial products.

A gate opening for the three cryptos, symbolizing the upcoming approval of crypto ETFs.A gate opening for the three cryptos, symbolizing the upcoming approval of crypto ETFs.

In brief

  • Bloomberg analysts have…

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