CoinsValue.net logo CoinsValue.net logo
BitcoinSistemi 2025-10-28 21:04:09

Spot ETFs Begin Trading on Two Altcoins Today: CEO Makes Statement

The U.S. Securities and Exchange Commission (SEC) has approved two new cryptocurrency exchange-traded funds (ETFs) offered by Canary Capital. This gives investors access to new digital assets beyond Bitcoin and Ethereum. The approved Litecoin ETF and Hedera ETF began trading on the Nasdaq exchange today. Steven McClurg, founder and CEO of Canary Capital, told Scarlet Fu on Bloomberg Markets that the approval process for these ETFs was made possible by the adoption of “general listing standards for crypto assets” in September. “These standards allow any cryptocurrency with a futures outstanding in the U.S. of more than six months to be listed as an ETF,” McClurg said. McClurg argued that the ETFs for Litecoin and Hedera are the “first pure spot products.” Related News: One of the Largest Cryptocurrency Companies Revealed It Purchased a Surprise Altcoin That is Not Even Listed on Binance “Litecoin, very similar to Bitcoin, is not considered a security, and we've been working on this filing with the SEC for a year. We went through the same process for HBAR,” he said. McClurg, who described Litecoin as the “silver of Bitcoin,” said, “Litecoin is designed for small, fast transactions; it can process transactions in less time than Bitcoin's 10-minute transaction times. This makes it particularly suitable for use in developing countries.” More than 100 crypto-focused ETFs are currently trading in the US. However, increasing competition in the market is increasing the influence of giants like BlackRock and Fidelity. McClurg said, “Being first to market is a huge advantage. However, we are a team focused solely on crypto. Half of our team has a crypto background, while the other half has experience in the traditional ETF market. The difference with Canary is that we focus solely on this area.” Canary Capital is also reportedly working on new products, such as the “Pango ETF,” which could include Tron (TRX) and Pudgy Penguins NFTs in the future. McClurg explained their plans, saying, “We've submitted the first ETF application that includes NFTs. If approved, it will be a very innovative product.” *This is not investment advice. Continue Reading: Spot ETFs Begin Trading on Two Altcoins Today: CEO Makes Statement

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen