Ever since the launch of Pi Network mainnet, there has been an enormous buzz around Pi coin, its native token that has gained a cult-like status across the globe, from Nigeria to India to Vietnam. It won’t be far-fetched to say that Pi Network has one of the strongest and most active communities in the crypto industry.
Ever since the Exchange Traded Fund (ETF) approval of Bitcoin and Ethereum and likely future approval of XRP, the hardcore fans of Pi coin are now anticipating a possibility of Pi ETF approval in the future.
Crypto ETFs encourage participation from institutional investors, which further legitimizes the market and makes crypto available for all.
The Pi community believes and speculates that Pi Coin Exchange-Traded Fund (ETF) could give a significant price boost to the token’s value and legitimacy. As of now, Pi is trading at $0.63, a meager 1% rise in 24 hours.
However, right now there is no official Pi ETF trading in the market, nor are there any talks about the Pi ETF in the power corridors. But it is considered a strong candidate for an ETF, especially given the current regulatory environment, which has become more crypto-friendly under Trump’s leadership.
Financial experts point out that multiple barriers stand in the way of launching a Pi Coin ETF because regulatory approval, along with sufficient trading volume and market maturity requirements, must be addressed first. The SEC maintains strict approval criteria for cryptocurrency ETFs, which led to Bitcoin and Ethereum ETFs receiving approval only recently after multiple denial attempts.
Whether PI coin will prove itself as some other established cryptocurrencies remains an open question, but no one can deny that this mobile mining coin has the most active community in the whole crypto space. And now this community is demanding PI ETF. Now, whether the community’s hopes and PI coin ETF dreams will be fulfilled or not, only time and the SEC will tell.
Also Read: Pi Network Partners with CiDi Games to Expand Web3 Utility
