CBOE - Solana Ripple ETFs Unlikely In Near Future Says Cboe VP | Benzinga
Rob Marrocco, the Vice President and Global Head of ETF Listings at Cboe (BATS:CBOE), on Wednesday highlighting the challenges of crypto ETFs beyond Bitcoin and Ethereum.
What Happened: Marrocco expressed skepticism regarding the near-term feasibility of ETFs based on cryptocurrencies like Solana (CRYPTO: SOL) and Ripple (CRYPTO: XRP), citing the absence of a futures market for these assets as a significant hurdle.
He noted that the approval of spot Bitcoin and Ethereum ETFs was largely influenced by the existence of a futures market.
Regarding the potential for a Solana ETF, Marrocco suggested that a viable pathway would involve introducing a Solana futures ETF first, which could pave the way for a spot ETF.
However, he cautioned that even with the introduction of futures ETFs, establishing a track record could ...