As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies and ETFs, I find this latest move by Bitwise to be both intriguing and strategic. Having closely followed the trajectory of Solana, it’s undeniable that it’s one of the rising stars in the crypto space.
In simpler terms, the leading index fund manager in the U.S., known as Bitwise, has made it possible for people to trade their Solana Staking Exchange-Traded Product (ETP) on Xetra, a German stock exchange named Xetra located in Frankfurt.
The ETF offers exposure to the sixth-biggest cryptocurrency, which boasts a market cap of $103 billion.
Earlier this year, Bitwise also launched staking ETPs for Ethereum and Aptos.
As a crypto investor, I’ve found myself drawn to the “rising star assets” in the digital currency world, and among them, Solana certainly stands out. This assessment comes from Bitwise CEO Hunter Horsley, who shares my enthusiasm for this promising asset.
According to U.Today’s report, entities like Bitwise and VanEck have applied to introduce Solana Spot Exchange Traded Funds (ETFs) in the United States. Yet, the Securities and Exchange Commission (SEC) has signaled that it won’t likely approve these products anytime soon.
Eric Balchuns, a prominent ETF specialist at Bloomberg, has suggested that the Securities and Exchange Commission (SEC) could potentially authorize Litecoin ETFs and Solana ETFs because of lingering regulatory ambiguity regarding these tokens. Notably, SOL was identified by the SEC as an unregistered security in their legal actions against Binance and Coinbase.
In simpler terms, although it’s uncertain when the Securities and Exchange Commission (SEC) might greenlight ETFs linked to less mainstream cryptocurrencies such as Solana, exchange-traded products (ETPs) based on altcoins have been available in Europe for quite some time.
Previously this year, Bitwise acquired the foremost European Exchange Traded Product (ETP) issuer, ETC Group. This acquisition enabled them to list a Bitcoin ETP as far back as 2020 on the Frankfurt Stock Exchange, which is Deutsche Börse.
Read More
- USD PHP PREDICTION
- POL PREDICTION. POL cryptocurrency
- Brent Oil Forecast
- LUNC PREDICTION. LUNC cryptocurrency
- Hunter x Hunter: Togashi Reveals the Rarest Nen Type In The Series
- OKB PREDICTION. OKB cryptocurrency
- Pokemon Is Collaborating With Dua Lipa
- Final Fantasy 7 Gets Switch Update
- HBOs The Last of Us Used Heavy Make-up To Cover One Characters Real-Life Injury
- ZIG PREDICTION. ZIG cryptocurrency
2024-12-18 21:45