SEC Accelerates Altcoin ETF Approvals: XRP-Focused ETF Expected Soon

The SEC is streamlining the approval process for cryptocurrency exchange traded funds (ETFs), aiming to bring a wave of altcoins to mainstream investment. Analyst Eric Balchunas of Bloomberg points to an upcoming XRP-focused ETF from Bitwise Asset Management as a potential catalyst for this expansion. This could significantly broaden institutional access beyond the current dominance of Bitcoin and Ethereum.