Last Monday, the cryptocurrency world was taken by surprise with some exciting news. Within just four days, the negative sentiment surrounding the Ethereum ETF turned into a positive approval process for all applications. As a result, attention has now shifted to other altcoins in the market, and one of the co-founders of a leading project had some significant things to say.
Sergey Nazarov, co-founder of Chainlink (LINK), believes that the U.S. Securities and Exchange Commission (SEC) will not stop with just approving Ethereum (ETH). He predicts that the SEC’s approval of the 19b-4 form applications from various big players in the industry, such as BlackRock, Fidelity, VanEck, Grayscale, Bitwise, Ark, Franklin Templeton, and Invesco Galaxy, will open the door for ETF proposals for other cryptocurrencies in the future.
Nazarov had previously referred to the launch of spot Bitcoin (BTC) exchange-traded funds as a “turning point” for the industry. He believes that this process could lead to a significant influx of capital from global financial circles.
It’s important to note that the information in this article should not be taken as investment advice. Cryptocurrencies carry high volatility and risk, so investors should conduct their own research and be aware of the potential risks involved.
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