The entire cryptocurrency community was taken aback by the news that surfaced last Monday. In just four days, the negative sentiment surrounding the Ethereum ETF turned into a surprising turn of events as all applications were approved. This sudden development shifted the focus to other altcoins in the market, prompting significant statements from Sergey Nazarov, the co-founder of Chainlink.
Nazarov expressed his belief that the U.S. Securities and Exchange Commission (SEC) will not stop at approving just Ethereum. He suggested that the recent approval of the 19b-4 form applications by the SEC for various entities like BlackRock, Fidelity, VanEck, Grayscale, Bitwise, Ark, Franklin Templeton, and Invesco Galaxy could potentially open doors for ETF proposals for other cryptocurrencies in the future.
Earlier this year, Nazarov had already highlighted the significance of spot Bitcoin ETFs for the industry. He referred to it as a “turning point” that could attract substantial capital inflow from global financial circles.
While it is important to stay updated with the latest financial and business news, it is crucial for investors to conduct their own research and exercise caution due to the high volatility and risks associated with cryptocurrencies.
