The method, which began with the approval of the spot Bitcoin ETF in January, continues with the approval of the Ethereum ETF. Now, whereas the SEC is anticipated to approve S-1 filings for spot ETH ETFs to open for buying and selling, VanEck and 21 Shares have filed for spot Solana ETF.
Whereas well-liked altcoins equivalent to Solana (SOL), XRP and Liteceoin (LTC) are being mentioned among the many altcoin candidates that may obtain ETF approval after Bitcoin and Ethereum ETFs, negotiations have begun for a shock altcoin.
At this level, ETC Grants DAO, a non-profit, decentralized autonomous group devoted to supporting the Ethereum Traditional (ETC) ecosystem, introduced that they’re in talks with VanEck to discover the potential for an Ethereum Traditional ETF.
Sharing from account X, ETC Grants DAO mentioned that it’s at present in talks with VanEck about the potential for launching an ETC ETF/ETN.
Nevertheless, DAO famous that it could take a while to succeed in the ETC ETF goal.
“Thrilling information!
ETC Grants DAO is at present in discussions with VanEck concerning the potential launch and feasibility of the Ethereum Traditional (ETC) ETF/ETN.
This long-term objective could take time, however keep tuned for updates on this promising growth.”
ETC, which ranks twenty sixth within the CoinMarketCap rankings by market worth, continues to commerce at $ 20.9.
🚀🤝 Thrilling information! The ETC Grants DAO is at present in discussions with VanEck concerning the potential launch of an Ethereum Traditional (ETC) ETF/ETN and its feasibility. This long-term objective could take time, however keep tuned for updates on this promising growth! #EthereumClassic… pic.twitter.com/R5KWXsnoYr
— ETCGrantsDao (@ETCGrantsDao) July 12, 2024
*This isn’t funding recommendation.