The SEC opened the ‘floodgates’ for crypto ETFs, experts say, marking a new era for the industry
The Securities and Exchange Commission’s latest guidance bangs the door wide open for an influx of funds exposed to cryptocurrencies like Solana, Ripple’s XRP, and potentially even President Donald Trump’s memecoin, experts told Fortune.
The new Trump-appointed SEC chairman Paul Atkins is one step closer to his vision of a decentralized finance movement after the SEC released new guidance this month giving asset managers more details on getting exchange-traded products tied to cryptocurrencies approved by the commission. The move invites an anticipated gush of funds exposed to cryptocurrencies like Solana, Ripple’s XRP, and potentially even Trump’s memecoin, experts told Fortune.
“The floodgates are basically…
