The cryptocurrency world was taken by surprise last Monday when news emerged that completely changed the sentiment surrounding the spot Ethereum ETF. In just four days, all applications for the ETF were approved, causing a shift in attention to other altcoins in the market. Sergey Nazarov, co-founder of Chainlink, one of the leading projects in the market, made some significant statements in this context.
Nazarov expressed his belief that the U.S. Securities and Exchange Commission (SEC) will not stop with the approval process for Ethereum. He suggested that the recent approval of the 19b-4 form applications by the SEC for various financial institutions could open the door for ETF proposals for other cryptocurrencies in the future.
Earlier this year, Nazarov also spoke about the potential impact of spot Bitcoin ETFs on the industry, referring to it as a “turning point.” He believes that this could lead to a significant influx of capital from global financial circles.
It is important to note that the information provided in this article is not investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
