scam Paul Atkins has already been confirmed as chairman of the Bag and Securities Commission (SEC). American cryptocurrencies begin to “breath with peace of mind.”
As Cryptootics reports, Atkins is a lucrative character for the cryptocurrency industry. Therefore, it can be taken for granted that the SC “persecution” has ended towards this market niche in the US.
It can be assumed that Some ETF launch requests from Altcoins will be close to approving. James Seyfert and Eric Bulknath, senior analysts at Bloomberg Intelligence, are confident that Litecoin (LTC) will be the next cryptocurrency to win ETFs in the US in cash. Until now, Bitcoin only (BTC) and Ether (ETH) have that privilege.
According to market analyst Mike Faye “The cash ETF from Litecoin could be a few weeks after its release.”.
Fay explains that “ETF Al Litecoin approval is likely and analysts are likely to give a high probability.” Furthermore, he builds on that expectation by mentioning that “ETFs in the Canary capital are in the state of “Zamiento” according to the DTCC website.”
Previously, companies from Canary Capital, Grayscale and Coinshares have submitted approval requests to launch Litecoin ETFs.
Faye thinks that ETF arrivals will be positive at Litecoin prices. According to that particular vision, LTC has advantages over BTC, and ETFs only highlight and make these benefits more aware.
«Many of the sector claim that Bitcoin can do virtually anything. BTC is considered “digital gold” and end-user payments for small transactions can simply be made in a secondary climbing layer. Therefore, no LTC is required. But after more than 13 years in the market, Litecoin still holds a market capitalization of nearly $6,000 million, making it the 21st place in a currency that is considered to be completely obsolete. This is an impressive permanence in my opinion.
Mike Fay, market analyst.
For this reason, the analyst, author of several specialized newsletters, describes Litecoin as “a prudent and important asset in the cryptocurrency market.”
In Faye’s case, if the ETF is approved, “the time to buy Litecoin with a discount will end.” That’s why he believes that he will purchase LTCN (Grayscale Litecoin Investment Fund) is “a good arbitration investment in the possibility of a conversion to ETF.”
It’s worth clarifying The existence of cryptocurrency ETFs is not a guarantee of price increases. This example is ETH, which has yet to overcome the biggest historic price achieved in 2021 despite having several ETFs in the US market.
(tagstotranslate)altcoins
