Currently, after Bitcoin ETFs, many banks who cannot afford Bitcoin or want to invest in Crypto and Digital Assets in another way, now want to take ETFs on Solana, Ethereum, and Litecoin. There are many types of assets based on Bitcoin like Bitcoin Cash, Bitcoin Lightning, and Bitcoin Layer 2 but now banks, Finance, Startups, Investors, and Assets Management Companies are starting to find a new future in cryptocurrencies like Ethereum, Solana, and Litecoin. In such a situation, big investors and financial sector investors feel that in this race of Bitcoin ETFs, we should not forget currencies like Solana, Ethereum, and Litecoin. There has been talk all across Europe about regulation, legalization, banking settlements, and international finance on cryptocurrencies like Solana, Litecoin, and Ethereum among other banks and MiCA’s (Markets in Crypto-Assets Regulation) but now it seems that the future of Solana, Ethereum, and Litecoin could be the best in Europe.
Why do European and US banks or the SEC want to approve Bitcoin, Litecoin, Ethereum, and Solana ETFs?
So now we have seen that companies like BlackRock and Grayscale need Bitcoin, and Europe’s Deutsche Bank also needs Ethereum. because US investments in Bitcoin cannot match Europe because US banks have trillions of USD Worth. but Europe doesn’t have that much money to buy and hold Bitcoin reserves, so they want Ethereum, Solana, and Litecoin to be best for them. By the way, recently the mark of Bitcoin has been seen inside the Euro’s note because now it seems that Europe is also going to move ahead with Bitcoin and Ethereum. But if the banks of Europe and the US want Bitcoin & Ethereum then it means that the financial sectors of Europe and Asia will now try to buy and hold Solana, Litecoin, and Ethereum-backed programs. Although SEC and MiCA may not provide Litecoin, Solana, and Ethereum ETFs support, they can keep Litecoin, Solana, and Ethereum among the top alternatives. In the future, SEC (Securities), MiCA (Markets in Crypto-Assets), and ADFW (Abu Dhabi Financial Week) will also make their own regulations for the top 20 CryptoCurrencies. EU, UAE, and the US will create alternatives for trading that can provide facilities like future developments, web3 payments, and DeFi.