31 Altcoin ETFs Applied for in the First Half of the Year...10 Are Expected to Be Approved
JH Kim
Summary
- Amid rising expectations for easing of cryptocurrency regulations in the United States, it was reported that 31 altcoin ETFs were applied to the SEC during the first half of the year.
- Cryptocurrency analysts stated they expect at least 10 ETFs to be approved.
- If SEC approval materializes, the possibility of an altcoin season emerging has been suggested.
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 13th (local time), optimism over the easing of cryptocurrency regulations in the United States is spreading, and at least 31 altcoin exchange-traded fund (ETF) applications have been submitted to the U.S. Securities and Exchange Commission (SEC) during the first half of this year.
Cryptocurrency analysts expect at least 10 of these to be approved by the SEC, which is also raising the possibility of the onset of an altcoin season.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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