KEY POINTS
- Garlinghouse did recognize that the approval process for new crypto products will be a long journey
- JPMorgan analysts aren't optimistic about the market's initial reaction to spot ETH ETFs
- One expert previously predicted that the SEC will no longer approve new crypto ETFs
The recent approval of 19b-4 filings of exchanges that want to trade and sell Ether (ETH) exchange-traded funds (ETFs) has had many in the cryptocurrency community celebrating, including the CEO of payment protocol Ripple, who believes it won't be long before the market sees the ETFs of other popular digital assets.
