ChainCatcher news, according to Cryptonews, South Korean media outlet "Daily Kyungjae" reported that South Korean regulators are closely monitoring developments in Japan before making a decision on cryptocurrency spot ETFs. This means that if Japanese regulators approve a Bitcoin ETF application, South Korean regulators may also follow suit.The Japanese Financial Services Commission (FSC) has been discussing the approval of Bitcoin ETFs since the end of last year. However, the agency has repeatedly shown a lukewarm attitude towards cryptocurrencies, especially Bitcoin ETFs. As a result, South Korean financial authorities "have also begun to react." According to the media report, another top regulatory body in South Korea, the Financial Supervisory Service, has reviewed the cryptocurrency policies of Japan's Financial Services Agency (FSA) and "shared its findings with relevant organizations in Seoul."Major Japanese media outlets, including the Nikkei, reported that the Financial Services Agency is considering reclassifying cryptocurrencies as investment tools and is also "considering" approving Bitcoin and altcoin ETFs. South Korean regulators believe that the silence of the Financial Services Agency on this matter adds credibility to the reports from the Nikkei.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media, "Altcoins expected to perform well in 2025: 1. Potential ETF approvals; 2. Sustainable attention drivers; 3. Revenue-generating projects. The era of all crypto assets rising is over. It is now a selective altcoin season ------ most altcoins will not succeed."

ChainCatcher news, according to Bloomberg ETF analyst Eric Balchunas, although the LTC ETF being listed on DTCC does not mean that the product has been approved or is about to start trading, it shows that the issuer is preparing for trading after future approval, and the current probability of approval remains at 90%.Previous news, Canary's LTC ETF has been listed on the DTCC website, with the code LTCC.

ChainCatcher News, SEC Commissioner Hester Peirce introduced the tasks and goals of the newly established crypto working group, stating that the current 10 tasks of the working group include:Examining the status of different types of crypto assets under securities law,Helping to identify areas that fall outside the commission's jurisdiction,Considering recommending the commission take action to provide temporary forward-looking and retroactive relief for tokens or token offerings that provide certain specific information for issuing entities or other willing responsible entities,Suggesting the commission amend existing registration pathways,Exploring potential updates to no-action letters for special purpose broker-dealers,Collaborating with investment advisors to provide an appropriate regulatory framework,Clarifying whether securities law covers crypto lending and staking programs,Providing clear statements on the methods for approving or disapproving crypto ETFs,Planning to work at the intersection of cryptocurrency and clearinghouse and transfer agent rules,Promoting methods for cross-border sandboxes for crypto projects.

ChainCatcher news, Bitwise Alpha strategy head Jeff Park posted on the X platform stating that "the SEC's approval of BlackRock's Bitcoin spot ETF options trading" will lead to an explosive rise in Bitcoin. Jeff Park believes that the market is about to witness the most incredible "volatility" in financial history, which deserves further explanation. Contributing factors include several characteristics of Bitcoin, the nature of the regulated options market, and the powerful combination of the two.He believes that "the SEC's approval of BlackRock's Bitcoin spot ETF options trading" marks the greatest advancement that the cryptocurrency market could achieve. The nominal value of Bitcoin will be partially "banked" for the first time through ETF options. While the limited non-custodial supply of Bitcoin is its greatest advantage, it also serves as a drag, limiting the ability to create synthetic leverage. Now, Bitcoin will have a regulated market for the first time, with the U.S. Commodity Futures Trading Commission protecting clearing members from counterparty risk. This means that Bitcoin's synthetic nominal exposure can grow exponentially.Additionally, Bitcoin has unique volatility characteristics; when the spot price rises, volatility also increases, which means that the delta increases at a faster rate. When short gamma traders hedge (during gamma squeezes, Bitcoin's situation can become explosively recursive. Short sellers will be forced to continue buying at higher prices, and more buying will lead to more increases). Negative vanna gamma squeezes can cause Bitcoin prices to soar like a rocket.In summary, the Bitcoin ETF options market is the first time the financial world has seen regulated leverage applied to a truly supply-constrained permanent commodity. Things could get crazy, crazy enough that the regulated market might be forced to shut down. But the extraordinary aspect of Bitcoin is that there will always be a parallel, decentralized market that cannot be shut down, unlike stocks.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on the X platform that the Solana ETF application submitted by CBOE failed to pass the second step in the SEC review process, and the SEC did not confirm it, leading to the application being "declared dead" directly. As a result, exchanges have withdrawn their 19b-4 applications, although the issuer's S-1 form remains valid. Unless there is a change in the SEC leadership, the chances of this application being approved are extremely slim.

ChainCatcher news, The ETF Store president Nate Geraci posted on X that the SEC's decision to no longer classify tokens like SOL as securities does not increase the likelihood of approval for its SOL spot ETF.To gain ETF approval, it is still necessary to meet one of the following conditions: a sufficiently long trading history of SOL futures on CME; a comprehensive cryptocurrency regulatory framework and administrative reforms.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on social media that the final deadline for the Solana ETF is mid-March 2025. "But during this period, the most important date is November. If Biden wins, these ETFs are likely to be rejected. If Trump wins, anything is possible."

ChainCatcher news, according to Decrypt, VanEck's head of digital asset research, Matthew Sigel, stated that the likelihood of VanEck applying to issue a spot Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission. "Cryptocurrency voters are likely to play a significant role in this election. We have already seen changes in the regulatory environment at the level of elected officials. Several Democrats have voted in favor of cryptocurrency legislation."Sigel agreed with SEC Chairman Gary Gensler's recent comments that "Ethereum applications are progressing well," adding, "This may be the only time in three years that I agree with Gary Gensler's viewpoint."

ChainCatcher news, VanEck's Head of Digital Asset Research Matt Sigel stated that the regulatory landscape in the U.S. is changing, and the chances of SOL ETF approval are greater than ever. VanEck aims to be among the first candidates reviewed by the U.S. Securities and Exchange Commission (SEC), as historically, most products have been approved on a first-come, first-served basis.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on the X platform: "The likelihood of a Solana ETF being approved in the next 12 months is closely related to the possibility of a change in the U.S. presidency, and it is safe to say that both of these possibilities are higher today than they were yesterday. Although we have not provided exact numbers yet. It is still too early."

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that SEC Chairman Gary Gensler stated that the next step for ETH ETF approval "will take some time," which may indicate that the S-1 approval process could proceed slowly.

ChainCatcher news, according to Cointelegraph, Nexo's brokerage head Andrey Stoychev believes that ETF approval could be the strongest price catalyst for ETH in the current bull market cycle. Ethereum ETFs in the U.S. and similar products in Asia could drive ETH to reach $10,000 by the end of 2024, outperforming Bitcoin's performance after ETF approval.