{"id":143957,"date":"2024-12-05T09:00:01","date_gmt":"2024-12-05T07:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143957"},"modified":"2024-12-04T17:51:47","modified_gmt":"2024-12-04T15:51:47","slug":"why-altcoin-spot-etfs-face-hurdles-despite-bitcoins-volatility-according-to-bitget-ceo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/why-altcoin-spot-etfs-face-hurdles-despite-bitcoins-volatility-according-to-bitget-ceo\/","title":{"rendered":"Why Altcoin Spot ETFs Face Hurdles Despite Bitcoin’s Volatility, According to Bitget CEO"},"content":{"rendered":"

While many speculated that altcoin season had arrived, Grayscale\u2019s move to apply for a spot Solana<\/a> <\/strong>ETF has intensified hopes for more altcoin ETFs. However, Bitget CEO Gracy Chen warned that the road to approval for these altcoin ETFs remains challenging.<\/p>\n

In an interview with Bloomberg TV, Chen outlined<\/a> <\/strong>key obstacles preventing the approval of spot ETFs for altcoins like Solana (SOL), XRP<\/a><\/strong>, and Dogecoin (DOGE<\/a><\/strong>). She pointed to the lack of futures ETFs for these assets as a significant hurdle, noting that Bitcoin<\/a> <\/strong>and Ethereum<\/a> <\/strong>saw futures ETFs approved before their spot ETF counterparts. Without similar futures products for altcoins, the approval process is slowed down.<\/p>\n

Chen also mentioned that some regulators still view tokens like Solana as securities, which complicates the regulatory landscape and could delay approval. Additionally, she highlighted that although many altcoins share a decentralized structure with Bitcoin and Ethereum, they are more vulnerable to market manipulation. This elevated risk makes altcoin ETFs a tougher sell compared to those for BTC and ETH.<\/p>\n