Recently under sales pressure crypto currency In the market, a new era is approaching step by step. ETF expert Nate Geraci announced that large and powerful price movements are expected for XRP and other Altcoins in this new period. Bloomberg analyst James Seyffart In front of the SEC in front of the 96 crypto currency ETF applications waiting for approval, stating that the basic basis of the new period clarified.
ETF applications brought XRP and Solana to the forefront
Geraci, Social Media Account Xin his assessment from “”Crypto Money ETF‘Flood caps are about to open. ” Solanathat the first place with 16 applications, XRPHe noted that with 15 applications, Solana came after him. The rest of the application order is Ethereum 
$4,353.55, Bitcoin 
$110,454.59, Dogcoin 
$0.000347 And Litecoin 
$110.50added that it created.
As well as known ETF‘s accessors provide access to crypto currencies without technical obstacles such as wallets or storage. Geraci, the approvers of waiting ETFs, especially corporate investors will attract big money. According to him, this process will accelerate adoption by increasing the liquidity in the market. Seyffart also reads as an indication that the increasing number of ETF applications has become a mature class of being crypto currencies. Depending on the approval, it is considered that XRP will play a stronger role in the capital markets.
Although the SEC Delays Delays, applications are increasing rapidly
SEC’s decision process is progressing slowly. Despite this slowness, crypto currency ETF applications were not prevented. Recently 21sharesto present the first SEI ETF, requested approval from the regulatory institution. On the other hand GrayscaleCardano, who has been waiting since February 
$0.82629 The Security has not yet taken a clear step for ETF application. Despite the opinion of the public opinion, the decision was postponed.
Seyffart’s colleague in April Eric Balchunas While following 72 applications, this number rapidly increased to 96 in the summer. This increase in the number of applications reflects the desire of exporters to directly convert the acceleration in the market into profit. In particular, the initiatives led by Blackrock attract attention. The company’s Ishares Bitcoin Trust ETF (IBIT) has suffered over $ 58 billion since the launch, and he alone began to control more than 3 percent of Bitcoin supply. The $ 13 billion demand for Ethereum ETF clearly shows the impact of corporate investors on the market. Analysts believe that similar approvals will bring strong rise in Altcoins such as Cardano, Solana and XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
