Bloomberg ETF analyst Eric Balchunas expressed doubt that the Securities and Exchange Commission (SEC) would deny exchange-traded funds (ETFs) following a recent incident where the price of XRP surged due to a fabricated BlackRock XRP trust filing. However, Balchunas believes that this situation reflects poorly on the industry. The incident raises concerns about the credibility and security of ETFs, as well as the potential impact of false information on market prices. While Balchunas does not anticipate a denial of ETFs by the SEC, he emphasizes that this incident highlights the need for increased vigilance and scrutiny within the ETF sector.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinXRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s...