Ethereum marked its 10th anniversary with a major milestone, corporate treasury now hold over hold over
Companies such as the sharplink gaming and bitmine immersion technologies now lead as the largest holders, even crossing the Etherium Foundation.
This growth comes between increasing instant interest, with ETFs $ 65 million in daily flows and more than $ 21.5 billion in property under management. The construction/redemption model approved by the second-added future appeal, offering tax effectiveness to larger investors.
ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview
XRP and Solana ETFs can come by October
The User Securities and Exchange Commission (SEC) has changed a general listing standards, allowing a dozen digital assets to qualify for ETF approval if the trade futures contracts exchange exchanges for six months. This includes Ethereum, XRP, Solana, Cardano, Dogecoin and Shiba Inu.
Solana’s ETF approval may come in early 10 October, which is expected some time after the XRP. Approval obstacles for market analysts except 95%for Casyil, XRP, Solan, and Litcoin ETF.
The SEC has also approved mixed bitcoin-etherium ETS, extended option contract limits, and introduced tax-friendly redemption methods. These changes turn into a bureaucracy by streamlining the ETF listing for a 75-day review, by ending the traditional 19B-4 rule change process.
Properly representative power for CFTC is to lead the adoption of global crypto
The SEC has outsourced the ETF Approval Authority to Commodity Futures Trading Commission (CFTC) completely based on eligibility on retail history.
Secure Chair Paul Atkins emphasized that the Commission would now lead the “Cryptocurrency Revolution,” would push for future proof regulation, protecting investors.
Despite criticizing the monopoly of coinbase derivatives in qualifying futures markets, the secood decision marks a regulatory change, which powerfully replaces America as a global center in crypto innovation.
With the pending of 72 crypto ETF applications, the American humans come in one of the fastest ages for instant crypto adoption in humans.
Cover image from Chatgpt, Ethusd Chart from Trading Person
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