The battle for Altcoin ETFs has begun. Who will be approved first?
This article is machine translated
Show original
Here is the English translation of the text, with the terms in <> retained as is:
The approval of and ETFs in the US last year was just the beginning: major issuers are planning to launch more types of US funds aimed at directly tracking the prices of various cryptocurrencies, including , , , and even coins.
Recently, traditional financial giant submitted a proposal for an spot ETF, which is undoubtedly an important signal in the field of cryptocurrency ETFs. Although crypto-native institutions such as , , and had previously submitted similar applications, 's entry marks the formal entry of traditional financial giants into this emerging field.
, a giant with around $1.5 trillion in assets under management, is a massive player, though not as dominant as . Nevertheless, its entry cannot be overlooked. In comparison, has not yet joined the competition for ETFs.
The proposed listed funds include the , <21Shares Core Solana ETF>, , and , which will directly track the price of .
Some issuers have indicated plans to launch spot ETFs. applied to launch the in January, while also registered a ETF entity in Delaware. In addition, cryptocurrency investment firm plans to launch a ETF and filed an application to convert its trust fund into an ETF.
Funds related to 's , such as the , , and <21Shares Core XRP Trust>, are also under review. has also joined this group.
's has applied to register trademarks for two "Bitcoin Plus" products, and , though it is unclear what assets these ETFs will hold.
has also submitted an amended application to launch the "Franklin Cryptocurrency Index ETF", which will track the prices of and with weightings of 86.31% and 13.69%, respectively, and may potentially include other cryptocurrencies in the future.
has filed an S-1 document with the SEC to launch an ETF tracking the price of (), and has submitted a Delaware trust application to launch an ETF based on .
and have also submitted an application to launch an ETF tracking the native token of the .
submitted the first ETF application last November. is the native cryptocurrency of the network.
After 's inauguration, a series of ETF applications were submitted. filed two registration statements for a "" and a "", and the also indicated that is trying to convert its existing trust into an ETF.
has also submitted applications to the federal regulators to launch spot and coin ETFs.Although this is the case, analysts speculate that the likelihood of a Litecoin ETF listing by the end of this year is the highest (90%), higher than Dogecoin (75%), Solana (70%), and XRP products (65%), however, the final result still depends on the confirmation of the new helmsman and their policy direction.
Original link
Welcome to join the official BlockBeats community:
Telegram subscription group: https://t.me/theblockbeats
Telegram discussion group: https://t.me/BlockBeats_App
Twitter official account: https://twitter.com/BlockBeatsAsia
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content