CandleFocus

XRP and ADA ETF Filings Predicted by Top Analyst

Nate Geraci, co-founder of The ETF Institute, predicts that several cryptocurrency ETF filings will be made in the US this week. These ETFs are expected to be based on altcoins like XRP, Solana, and Cardano. Geraci believes there is no downside for ETF issuers in being aggressive. Meanwhile, US Securities and Exchange Commission (SEC) Chair Gary Gensler is expected to resign soon, with Robinhood's top lawyer, Dan Gallagher, as a potential candidate to lead the SEC. Gensler approved Bitcoin and spot Ethereum ETFs during his tenure, despite resistance from some commissioners. There are already ETF filings for altcoins like Solana and XRP.

Related News