NFT News by Thebittimes.Com

Following the upcoming approval of spot Ethereum ETFs, many experts predict that Dogecoin , Solana , and XRP are next in line. Three of the biggest cryptocurrencies on the market in terms of popularity, DOGE; SOL; and XRP would benefit greatly from being available to trade on the stock market. Recently, Ripple Labs’ president and CEO both made their case for a Ripple XRP ETF, with the CEO saying that multiple other coins are inevitably going to get their ETFs too. “People don’t want just exposure to one commodity,” Garlinghouse said in an interview with Fox Business . He added that it “only makes sense” to add more commodities to the market to give investors more options to trade. Therefore, XRP could be a new competitor to ETH and BTC ETFs on the market, as well as Solana and DOGE. If the SEC works its way through the top cryptocurrencies by market cap, BNB would be the logical contender. However, there is a growing likelihood that XRP, DOGE, and SOL will be favored more...

The US Securities and Exchange Commission (SEC) Chairman Gary Gensler has said that the arrival of the recently approved Spot Ethereum ETF will “take some time.” Gensler noted to CNBC Wednesday morning that the agency is still working on various disclosure measures. The ETH ETF approval last week was a surprise to the digital asset market as a whole. The SEC had long resisted the approval of the crypto-based exchange-trade product, despite the success of a Spot Bitcoin ETF following its January approval. Conversely, Gensler discussed the need for patience as the process is still ongoing. Also Read: JPMorgan Predicts ‘Negative’ Market Response to Ethereum ETFs SEC Chair Says Ethereum ETF Could Still Take Time With the midpoint of 2024 fast approaching, crypto-based ETFs have dominated the finance sec tor. Both Bitcoin and Ethereum have received approval for the investment vehicle, as the cryptocurrency market could be set to face a surge in investor interes...