The president of the ETF store, Nate Geraci, believes that even would take “questionable investments wrapped in funds negotiated on the stock market (ETF)” at an entirely new level.
In an article in the Financial Times, he underlined the historic tendency of the loss of value of the same, adding that the optics of offering ETF same could be detrimental to a company that wishes to be taken seriously by Wall Street.
On January 21, the Rex and Osprey actions filed seven different ETFs, three of which are memecoins Official Trump (Trump), Dogecoin (Doge) and Bonk (Bonk). In addition, Bitwise Deposited for confidence based on Doges January 22, suggesting the creation of an ETF.
Bryan Armor, director of research on passive strategies in Morningstar, suggested that issuers can capitalize on a change in the regulatory environment under the administration of President Donald Trump.
He said:
“They take advantage of the promises of Trump’s campaign, the change of dry custody and the expectation of less examination of the regulators.”
Armor noted that same has not established the established term markets which supported the approval of Bitcoin (BTC) and Ethereum (ETH) Etf spot, creating uncertainty about whether the American Securities and Exchange Commission (dry ) would approve such products.
Consequently, Armor believes that these issuers “buy a small purchase option” on potential approval. They do not know if the dry will give the green light but want to be part of the first batch in case it does.
The IOC in the direction of the Bit Matt Hougan recently recognized the changing regulatory landscape and echoed the feeling. He added:
“There was a major change in the regulatory climate in the United States and the attitude towards the crypto with the new administration. We have seen many deposits of many transmitters with a lot of ideas and I think it will continue. “”
Hougan also stressed that the SEC remains a “very serious agency” with limits to political influence, because the commissioners cannot completely bend the regulator to their will.
In particular, the The deposits of parts even could be issuers testing how the new dry administration will be open to industry. The acting president of the SEC, Mark Uyeda, and her new permanent president Paul Atkins are both pro-Crypto, which caused increased optimism in the industry.
Meanwhile, Commissioner Pro-Crypto, Mark Uyeda, is the actor’s president. His first decision was to create a working group to help develop a regulatory framework for crypto in the United States.
A legitimate investment
Despite uncertainty, Hougan defended the legitimacy of the same as investment assets, calling them “totemic artefacts of emerging cryptographic culture”.
He also compared other niche investments, such as baseball cards or a high art, stressing that the form of assets does not decrease its potential value.
In addition, Hougan used the Bitwise bitwise file to assert that its liquidity and market size justify its inclusion in an ETF.
“Dogecoin is the sixth greatest cryptographic asset in the world by market capitalization and exchanges more than a billion dollars per day.”
The criticisms fear that the packaging of mecoins in the FNB can give an undue legitimacy to intrinsically speculative assets, attracting uninformed investors.
However, Hougan replied that the SEC works as an unsuccessful regulator based on merit and previously approved FNB for risky assets such as unwanted obligations and niche products.
While Hougan stressed that not all cryptocurrencies are suitable for ETFs, he argued that each token should be evaluated individually.
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