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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/secs-peirce-predicts-early-improvements-for-crypto-etfs-under-new-leadership/" rel="noopener noreferrer nofollow">SEC’s Peirce Predicts Early Improvements for Crypto ETFs Under New Leadership</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Crypto exchange-traded funds (ETF) changes, such as in-kind redemptions and staking permission for <a href="https://cryptosnewss.com/category/ethereum-news/" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) products, are likely to happen “early on” under a new US Securities and Exchange Commission (SEC) administration.SEC Commissioner Hester Peirce shared during an <a href="https://x.com/coinage_media/status/1870084709503643873" rel="noopener noreferrer nofollow">interview</a> for Coinage that these matters may arrive for a regulator review as soon as Paul Atkins takes the role of chairperson. She added:<blockquote>“I’m open to reconsidering both in-kind [redemptions] and staking to think about, again, how can you allow people to design the products in a way that is most useful to the investors in those products.”</blockquote>Peirce, commonly known as the “Crypto Mom ” due to her pro-crypto stance, also said it is “easier” to approve such changes when the majority of Commissioners want things “to go through.”Bloomberg senior ETF analyst Eric Balchunas labeled Peirce’s brief remarks as “<a href="https://x.com/EricBalchunas/status/1870093842927493300" rel="noopener noreferrer nofollow">great</a>,” <a href="https://x.com/EricBalchunas/status/1870093156546482532" rel="noopener noreferrer nofollow">highlighting her interest</a> in making publicly traded crypto products more useful to investors.Balchunas stated that discussions may occur regarding these changes, but the most important thing is the “SEC gods” being interested in them. As a result, the regulator will work out the legal basis for the improvements.Furthermore, he reiterated his optimism about the new SEC administration, highlighting his recent prediction that a “wave” of crypto ETFs is a likely scenario for next year.<h2 id="header-0">Accelerated development</h2>Balchunas and his fellow Bloomberg ETF analyst James Seyffart predicted that new crypto ETF approvals will occur next year. Yet, the developments are happening at an accelerated pace.The SEC recently approved the hybrid ETFs filed by Hashdex and Franklin Templeton, which will track <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and ETH simultaneously.Despite happening earlier than predicted by the analysts, the green light is in tandem with their prediction, which expected these products to be the first ones shipped to the market.According to the prediction, the next ETFs to follow are Litecoin (LTC) and Hedera (HBAR). At the same time, Solana (SOL) and XRP funds might have to wait until their regulatory status becomes clearer.The post <a href="https://cryptosnewss.com/secs-peirce-predicts-early-improvements-for-crypto-etfs-under-new-leadership/" rel="noopener noreferrer nofollow">SEC’s Peirce Predicts Early Improvements for Crypto ETFs Under New Leadership</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

SEC’s Peirce Predicts Early Improvements for Crypto ETFs Under New Leadership

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