How crypto futures could gain popularity, SEC approval
Industry leaders at DAS discussed the SEC's approval of Solana futures ETFs and the potential expansion of the crypto industry into futures products. Bloomberg Intelligence analyst James Seyffart noted that futures products are often seen more as trading vehicles rather than garnering strong demand compared to spot products. Yet, the launch of CME Solana futures could signal future approvals for spot ETFs. VanEck's Kyle DaCruz highlighted CME futures as a way for the SEC to confirm a regulated market exists. He suggested that crypto exchanges sharing data with the SEC could also demonstrate market integrity. Executives acknowledged that an increase in altcoin filings does not guarantee approval but reflects a growing interest, especially if larger firms like BlackRock were to pursue altcoin ETFs. The SEC's approach may evolve depending on legislative changes related to crypto oversight. DaCruz emphasized the challenge the SEC faces in approving cryptocurrencies on a case-by-case basis.
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