- Trump’s inclusion of altcoins may change ETF approval timeline.
- Sceptics aren’t so sure given lack of clarity around strategic reserve.
- Investors are riding a wild market.
Altcoin ETFs just got a big boost from Donald Trump.
No, the president did not issue an edict that applications for such funds be approved.
Yet by including Cardano, XRP, and Solana in his proposed strategic reserve Trump did tacitly rubber stamp the cryptocurrencies.
After all, if the tokens are good enough to be supported by taxpayers in a reserve then they are certainly qualified to comprise exchange-traded funds.
Or, that’s how the thinking goes in the market at the moment.
“Including XRP in a strategic reserve strengthens the case for XRP ETF applications by helping to resolve some key regulatory concerns,” Jonathan de Wet, chief investment officer at crypto trading firm Zerocap, told DL News.
Not so fast, say sceptics.
Congress will weigh in
Just because…
