sec and cftc just declared 16 cryptos as digital…
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sec and cftc just declared 16 cryptos as digital commodities, altcoin etf window is wide open now
so i've been following this since the ruling dropped march 17 and the
market still hasn't fully processed what happened.
16 tokens, SOL, XRP, ADA, AVAX, LINK, DOGE, LTC, DOT, HBAR, BCH,
SHIB, XLM, XTZ, APT included, now have the same legal status as BTC
did before the spot ETF approvals.
and we all remember what happened after BTC got that clarity.
the ETF processing timeline got compressed from 240 days down to 75.
Bitwise is already projecting 100+ new ETF filings. and staking just
got officially confirmed as NOT a securities transaction, which is huge
for anyone using lido, rocketpool, exchange staking etc.
btc ETF AUM is sitting at $95.93B right now with $1.5B in march
inflows despite the macro noise from oil prices and fed uncertainty.
honestly feels like everyone is still sleeping on how big this is.
or am i missing something about why the market hasn't reacted harder?
#cryptocurrency
so i've been following this since the ruling dropped march 17 and the
market still hasn't fully processed what happened.
16 tokens, SOL, XRP, ADA, AVAX, LINK, DOGE, LTC, DOT, HBAR, BCH,
SHIB, XLM, XTZ, APT included, now have the same legal status as BTC
did before the spot ETF approvals.
and we all remember what happened after BTC got that clarity.
the ETF processing timeline got compressed from 240 days down to 75.
Bitwise is already projecting 100+ new ETF filings. and staking just
got officially confirmed as NOT a securities transaction, which is huge
for anyone using lido, rocketpool, exchange staking etc.
btc ETF AUM is sitting at $95.93B right now with $1.5B in march
inflows despite the macro noise from oil prices and fed uncertainty.
honestly feels like everyone is still sleeping on how big this is.
or am i missing something about why the market hasn't reacted harder?
#cryptocurrency
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