In a recent interview with Bitcoin Magazine, renowned cryptocurrency advocate and investor Sam Hanley dismissed the potential for XRP, Bitcoin Cash (BCH), and Litecoin (LTC) to have exchange-traded funds (ETFs) in the near future. Hanley, who has been a vocal proponent of Bitcoin for years, believes that these altcoins do not have the same level of widespread adoption and recognition as Bitcoin, making them less likely candidates for ETF approval.
Hanley pointed out that Bitcoin, as the original cryptocurrency and the one with the largest market cap, has garnered the most attention from regulators and institutional investors. This has led to various proposals for a Bitcoin ETF, although none have been approved by the U.S. Securities and Exchange Commission (SEC) so far.
In contrast, XRP, BCH, and LTC have struggled to gain mainstream acceptance, with some even facing legal challenges due to their controversial pasts. XRP, for example, is facing a lawsuit from the SEC over allegations of being an unregistered security, while BCH and LTC have been criticized for their lack of innovation and development compared to other cryptocurrencies.
Despite his skepticism towards these altcoins, Hanley remains optimistic about the future of cryptocurrencies in general. He believes that the growing interest from institutional investors and the continued innovation in the space will eventually lead to the approval of a Bitcoin ETF and possibly others in the future.
Meanwhile, in a separate development, the blockchain company Rollblock has announced plans to launch a new platform aimed at improving online gambling using cryptocurrency. The platform, which is set to be released later this year, will allow users to place bets and play games using various cryptocurrencies, including Bitcoin, Ethereum, and others.
Rollblock’s CEO, Emma Carter, believes that blockchain technology can revolutionize the online gambling industry by providing transparent and secure transactions for users. The platform will also offer additional features such as provably fair games and decentralized governance mechanisms to ensure a fair and trustworthy gaming experience for all participants.
With the rise of cryptocurrency adoption and the increasing demand for innovative solutions in the online gambling sector, Rollblock’s upcoming platform could potentially disrupt the industry and provide a new way for users to engage in online gaming with digital assets.
Overall, as the cryptocurrency landscape continues to evolve, it remains to be seen whether altcoins like XRP, BCH, and LTC will gain the same level of recognition and acceptance as Bitcoin. However, with companies like Rollblock pushing the boundaries of what is possible with blockchain technology, the future of cryptocurrencies and online gambling looks brighter than ever.
