Reported 8 months ago
After the US approved Bitcoin and Ethereum spot ETFs, it is rumored that Wall Street may continue to promote such products. Tether's founder William Quigley mentioned the possibility of mainstream virtual currency ETFs like SOL and ADA emerging, potentially increasing institutional investors' influence on the market while reducing price volatility. As more large institutions enter the market, the volatility is expected to decrease, making virtual assets mainstream and attracting centralized institutions to join in. Experts believe that ETFs entering the market will lead to increased institutional influence, signifying a move towards stabilization in the cryptocurrency market.
Source: YAHOO