Canary Capital

According to Bloomberg’s ETF expert, Eric Balchunas, Canary Capital is close to be ready for the launch of a Litecoin ETF. After BTC and Ethereum already on the market Solana and Litecoin are now next to be released on the ETF market.

The SEC sees Litecoin as a Bitcoin like asset, and has given their approval to Canary according to Balchunas.

Mixed fund or ETF

After this, the next great evolution would be the launch of a fund or ETF that has multiple cryptocurrencies under management and that is actively traded. Once this is possible, the influx for altcoins would be massive and the entire crypto market would be a mainstream asset!

It’s not a matter of “if”, but one of “when”, but it won’t take years to happen!

Sincerely,

Pele23

Posted Using INLEO