As analysis suggests that the U.S. Securities and Exchange Commission (SEC) is showing a favorable stance on cryptocurrency exchange-traded funds (ETFs), there is an assessment that multiple crypto ETFs are "almost certain" to be approved. With this positive trend continuing, expectations are growing that cryptocurrency investment regulations in the United States will become more flexible.
Bloomberg ETF analysts Eric Balchunas and James Seybert recently stated on social media that the possibility of cryptocurrency ETF approval is over 90% in most cases. Especially, Seybert explained the background of this confidence, noting that the SEC is maintaining "very positive" communication with market participants.
Analysts reported that the SEC is likely to consider major cryptocurrencies such as LTC, SOL, XRP, and Doge as 'commodities'. If the SEC classifies these assets as commodities rather than securities, they will fall outside direct regulatory authority, which will further boost the possibility of ETF approval.
This forecast is drawing attention as it coincides with the timing when former President Trump hinted at clearer pro-cryptocurrency regulations to support his re-election. The Republican Party's cryptocurrency policy seems to be becoming increasingly realistic ahead of the U.S. presidential election.
These movements in the ETF market are expected to accelerate the emergence of products based on various altcoins following BTC and ETH. As market participants' expectations grow, investors are focusing on when the SEC will make its official announcement.
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