Listing Changes by the SEC Facilitate Opportunities for Crypto Exchange-Traded Funds, with Waves Platform Standing Out as a Notable Option for Presale Investments
In the world of cryptocurrencies and Exchange-Traded Funds (ETFs), there's been a flurry of activity recently. Here's a roundup of some of the key developments:
SEC Approval Process Yields New Crypto-ETFs
Four major firms - BlackRock, Fidelity, VanEck, and Ark - have filed for Ethereum-spot ETFs under the new general SEC approval process. These ETFs, which are expected to have at least 40% of their selection in another ETF, are slated for decisions around May 2024. Additionally, the REX-Osprey XRP ETF has passed the SEC review and may launch soon, marking a significant milestone for XRP under the Investment Company Act of 1940.
Ready for Launch: Crypto-Based ETFs
According to senior ETF analyst Eric Balchunas, at least 12 to 15 crypto-based ETFs are already meeting the criteria and are effectively ready for launch.
New Players in the Meme Coin Trading World
Snorter Token, a new entrant, aims to bring parity to the Solana meme coin trading world. It allows users to place buy/sell limit and stop orders, and automatically executes orders the second liquidity kicks in, flipping the script on the current meme coin trading world.
Regulatory Clarity for Investors
The SEC's move to new generic listing standards brings much-needed certainty and clarity for the investor community. The SEC has also implemented new generic protocols for listing crypto-pegged ETFs without an extra layer of approvals.
Upcoming Crypto Payments Solution
Remittix, currently in presale, offers a solution for fast and fee-free crypto payments to bank accounts worldwide. The project has already raised over $25.98M from early investors.
Low-Cap Coin with High Potential
Bitcoin Hyper, a low-cap coin, could see significant growth in Q4 2025. Its mission is to improve the real-world utility of Bitcoin by offering Solana-like speed, scalability, and Web3 support. The Bitcoin Hyper presale has already raised over $16.5M, with each token priced at $0.012935.
Improving Bitcoin's Transactions Per Second
Bitcoin Hyper's new Layer 2 can process thousands of transactions simultaneously, addressing Bitcoin's current limitation of only seven transactions per second. This improvement could revolutionise the way Bitcoin is used in the future.
Delayed ETF Proposals
However, not all news is positive. The SEC has delayed BlackRock's spot $ETH ETF application, Franklin Templeton's $SOL and $XRP ETF proposals, and other ETF proposals tied to Solana and XRP.
These developments highlight the ongoing evolution of the crypto and ETF landscapes, with both challenges and opportunities for investors and companies alike.
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