SEC in the USA, Bitcoin After approving its ETFs Ethereum It also approved its ETFs.
ETH ETF eyes after approval Solana (SOL) and XRP While it was converted into other cryptocurrency ETFs such as, a report also came from JP Morgan.
According to the news of The Block JP Morgan says he doesn’t think the SEC will approve Solana or any other altcoin ETFs.
JPMorgan managing director and global market strategist Nikolaos Panigirtzoglou told The Block that they doubt the SEC will approve other altcoin ETFs other than Ethereum, given its stance that most cryptocurrencies are securities.
At this point, Panigirtzoglou is wary of other options unless U.S. policymakers pass a law that considers most cryptocurrencies as non-securities. altcoin He stated that they thought the ETF would not come.
“We have doubts that the SEC will approve any other altcoin ETF other than Ethereum.
The SEC’s decision to approve ETH ETFs has already been relaxed given uncertainty about whether Ethereum should be classified as a security.
We don’t think the SEC will go any further on the ETF issue by approving Solana or other token ETFs.
Because we expect the SEC to classify altcoins other than Bitcoin and Ethereum as securities.”
*This is not investment advice.+
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