XRP and Cardano Are Poised for a Market-Moving Bullish Quake as Solana ETF Wave Gains Momentum ⋆ ZyCrypto

advertisement

VanEck and 21Shares’ filing for Solana exchange-traded funds could open the door for more cryptocurrency ETFs in the US, according to a report from GSR.

The market maker noted that Solana had managed to carve out a strong position among the big three in the crypto space. However, it was only a matter of time before other digital assets like Cardano and XRP joined the fray.

Will XRP and Cardano ETFs be next?

The GSR report pointed to two key factors that will determine the next crypto fund: the level of decentralization and potential demand.

“The level of decentralization could be key to determining whether a digital asset gets an ETF,” the report said, adding that most public blockchains become decentralized over time.

GSR gave an example of this with the Cardano blockchain. The blockchain is set to become more decentralized with an upcoming upgrade known as the Voltaire era, which will decentralize governance on the Cardano network.

advertisement

Currently, Cardano’s decentralization score is negative, according to GSR. However, with Charles Hoskinson promising an upgrade later this month, this score is likely to rise, increasing the chances of an immediate Cardano ETF being approved.

Demand is another factor that influences the approval of the next cryptocurrency spot ETF. XRP ranks fourth in the demand analysis after Ether, Solana, and NEAR.

An immediate XRP ETF is likely because issuers will likely apply for ETF products they believe will see high demand. XRP is one of the most popular digital assets in the cryptocurrency industry, which could be attractive to issuers.

“While original crypto issuers may apply for a good number of spot digital asset ETFs, we believe larger issuers will likely focus on just one or two with enough decentralization and high potential demand to identify the next digital asset,” GSR said.

Changing the regulatory framework in the United States would pave the way for more ETFs.

In its report, GSR also mentioned that the US regulatory framework was changing. While some believed that another altcoin fund would not be listed on the US market due to the lack of a futures market, the market maker believes that the US regulatory framework is about to change.

She noted that former US President Donald Trump has emerged as a strong supporter of the cryptocurrency industry. Additionally, Democrats are also softening their stance against digital assets in an attempt to attract crypto votes.

If the next US administration chooses a liberal SEC commissioner, it could pave the way for the launch of several instant digital ETFs.

Eric Balchunas, an ETF analyst at Bloomberg, agreed, saying that a pro-crypto SEC commissioner would bring more crypto ETFs to the United States.

Sources 1/ https://Google.com/ 2/ https://zycrypto.com/xrp-cardano-primed-for-market-moving-bullish-earthquake-as-solana-etf-wave-gains-momentum/ The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos