Solana, Ripple ETFs Unlikely In Near Future, Says Cboe VP
Portfolio Pulse from Murtuza Merchant
Rob Marrocco, VP at Cboe, expressed skepticism about the near-term feasibility of Solana and Ripple ETFs due to the absence of a futures market. He emphasized the need for a comprehensive regulatory framework for cryptocurrencies. The passage of the FIT21 Act could play a crucial role in shaping the future landscape of digital asset investment.
June 12, 2024 | 1:44 pm
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Cboe's VP Rob Marrocco highlighted challenges for Solana and Ripple ETFs, emphasizing the need for a regulatory framework. This could impact Cboe's future ETF listings and market positioning.
Cboe's involvement in ETF listings means that regulatory developments and market conditions for crypto ETFs directly impact its business. However, the immediate effect is neutral as the focus is on future potential.
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