A major spot crypto ETF approval alert is here. Notably, ETFS are changing the way people transact in crypto. This investment pathway is easier now with ETFS. The ETF funds can give you direct exposure to the coin without owning it.
The ETF Approval Status Now
The BTC and ETH ETF approvals have been met with phenomenal success recently. Hence, the market is moving towards new contenders like XRP, Hedera, and Polkadot.
Why the Market is Leaning Towards ETFS?
ETFS offers a simple and risk-free option for investing in crypto. The ETF also lays down a bridge between the traditional investment channel and the crypto world. At the outset of recurring crypto approvals, these coins could go next:
Ripple
XRP is trading at a price point of $2.50 now. The current market cap remains $148 billion. Out of 99.98 billion tokens, around 58 billion are in circulation. This is an ideal stage for ETF approval and rollout!
The approval filing has already been processed. Meanwhile, nine brands are awaiting the same!
Some of them are Bitwise, Canary Capital, etc.
Hedera
HBAR is a native Hedera network token. It is a next-gen token that uses Hashgraph tech. The new tech offers low latency and supports high-speed transactions.
The coin is now trading at $0.20, showing a remarkable 91% in the last 1 year!
Polkadot
Polkadot is a remarkable blockchain platform offering cross-chain transaction gateways. DOT represents the network’s native token. The current trade price of the token is $5. The platform also has a market cap of $7.9 billion.
ETF Approvals Lined Up
These tokens are next up in the list of token approvals:
- SLNA ETF
- Aptos ETF
- Sui ETF
- LiteCoin ETF
- DogeCoin ETF
