Michael Saylor Indirectly Labels ETH, XRP, and ADA As Securities

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

May 3, 2024 17:10

Michael Saylor, A strong Bitcoin Spokesman, who now believes that any other digital currency is inferior in tech and decentralization, predicts that a spot Ethereum ETF will not be approved this summer. He also mentioned that when the ETH ETF is not approved, it will be clear that is a commodity where he indirectly hinted at other Altcoins like BNB, SOL, ADA, and XRP being unregistered securities. He also said that none of these altcoins will ever get to be a spot ETF product. Ethereum is also facing many roadblocks on its way to secure ETFs.