NFT News Today TheBittimes.com

Following the approval of spot Ethereum (ETH) exchange-traded funds (ETFs), Standard Chartered Bank has projected that several other cryptocurrencies could follow suit. Among the cryptocurrencies is Ripple’s XRP, which is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC). Notably, the approval of Ethereum spot ETFs suggests that the regulatory agency does not classify ETH as a security. Therefore, this implies that other coins previously under scrutiny may also not be considered securities, paving the way for more spot crypto ETF approvals.  Picks for you Long squeeze alert: This cryptocurrency could crash 30% soon 44 mins ago Nvidia has 'near zero chance' of outperforming Bitcoin t...

The approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January, and Ethereum (ETH) ETFs in May brought forth a new chapter for cryptocurrency adoption as it helped ease exposure to the crypto market for many more traditional investors. The moves also generated a new debate – which cryptocurrency will see its proposed spot ETFs ap prove d next, with the most frequent answer seemingly being Solana (SOL). There is a mix of arguments with regard to a SOL ETF with it, on the one hand, likely to generate the most interest once BTC and ETH are excluded. On the other, the fact that the SEC already indicated Solana to be a security in its filings against the crypto exchanges Coinbase (NASDAQ: COIN) and Kraken could prove a major hurdle. Picks for you Short squeeze alert: Bitcoin short-sellers could fuel another rally ...