What Are the Chances That LUNC Will Become the Next ETF?

Whoa!!! Relax there, pilgrim, I haven’t even typed anything yet! I know, I know, you’re one of those LUNA Classic Do Kwon haters, and I get it.

Do Kwon really screwed up his community, the industry, and may have or may not have stolen funds or attempted to commit fraud.

Regardless of how you view Do Kwon, that doesn’t translate when you look at LUNC itself, the technology, and the functionality behind the LUNA chain. Yet, I’m not even sure if that is a subject worthy to rally behind, or if functionality really plays a role in LUNC becoming an ETF.

In the negative ideological standpoints that many peers charge LUNC with, due to Do Kwon's failures, there is very little reflection on what value LUNC still beholds.

The hate and dislike of LUNC is sadly misplaced, and while we are all welcome to our opinion, I tend to be a realist, and look past what happened.

I like to get to the root of the problem.

Cause and effect my friends, cause and effect, and while I agree that the UST depegging was a catastrophic event, I dont hate on the technology itself.

Most investors look behind and past the historically significant events in a steadily running project, and while I have cautioned against many investments with so-called “broken” chains, I tend to view LUNC not as a broken chain, but rather as a viable option for long-term investment goals.

While most of the industry recognizes Do Kwon's failures, some still place the blame on the chain rather than solely on Do Kwon's actions, which is not justified. Do you blame the dog for biting, or the owner for training him? In other words, the failures that occurred should be attributed to the person whose actions caused the depegging swan dive to escalate to the point of collapse, not the chain itself. Due to the market crash of 2021 and the events during that period, as well as his own actions, a full MC release, LUNC lost tremendous value, causing many people to crash and burn. The hate for LUNC is misplaced, but arguably rightfully so, if you listen to those who blame the chain.

The main question I’ve encountered over the last few weeks is basically this, “What is the chance that ____ coin could become an ETF?” Everyone keeps looking at Ethereum, or Binance, or some other token to become the next ETF, but here’s my dilemma; What chance does any chain or native coin have to become an ETF? Why are so many people concerned about their investments becoming ETFs? I mean, we (The industry) made Bitcoin the guinea pig, the canary test subject for ETFs. After learning about the fees involved, why would anyone want their favorite coin to become the next ETF? To be 100% fair, I would say LUNC has a better chance than most people realize, because it's not really about popularity, use cases, or even failures. It's about autonomy, decentralization, and what can and can not be changed in the protocols, contract, and code.

The conundrum there, the market response itself, in how well the BTC ETF gained acceptance is agreeably a double-edged sword when looking at the consolidation of lowering prices; one could ponder on the final outcome of the first ETF, as it has yet to materialize, the true endgame of the ETF. Which could be quite dubious in the end.

What chance does LUNC have to become an ETF?

I really can’t say I’ve given it much thought.

To be fair, someone commented on a previous post that I wrote, where the commenter made his argument about the impossibility of LUNC achieving the elusive ETF standardization. I shrugged my shoulders, because even Ethereum is screwed in meeting SEC standards.

I honestly didn’t give it much thought then because I don't see much in our industry that can even pass the ETF standardization litmus test.

It seems irrelevant to me for ETFs to even exist. While many other people have been pushing the ETF agenda, I have my own ideas on the subject. While I do believe in regulatory development for the industry, I don’t really see the point of ETFs, as in my mind, Crypto is an ETF on its own accord, so to speak.

For LUNA CLASSIC to become an ETF would probably take an act of God or some kind of Alien intervention. While that may seem harsh, I have my doubts that there will be more ETFs of any kind, any time soon. In fact, I think the next ETF will take a couple of years to happen. While I’m sure everyone wants Ethereum to become the next ETF, I wouldn’t hesitate to wager this won’t be happening any time soon either.

I would also say that LUNC has about the same chance as any other coin in crypto, although it’s doubtful and I’d say ill-advised to say LUNC will become an ETF, no more or less than saying Ethereum, or BSC, or any other chain will become the next ETF.

The chance of LUNA Classic (LUNC) becoming an ETF is considered extremely doubtful.

The complexities and regulatory challenges associated with ETF standardization, coupled with the historical issues involving LUNA Classic and its founder, make the likelihood of it becoming an ETF relatively low.

The crypto industry, in general, faces obstacles in adopting ETF structures, and predicting specific coins' ETF status remains speculative. It's important to consider regulatory developments, market dynamics, and the industry's overall stance on ETFs when assessing such possibilities.

I only say this because reality has a longstanding policy of hitting home when you least expect it, and for LUNC to become an ETF would really take an act of God because it’s doubtful there will be another ETF to come out before 2025.

The SEC knows ETFs are a giant can of worms they will likely regret opening, and the industry is certainly nibbling away at the edges of doom if they ignore that our fundamental principles of blockchain are eroding away under regulatory strains.

The point is, for LUNC to become an ETF, the industry would need to change first, because that will need to happen before we see the next ETF & that might take an act of God on its own.

Disclaimer:

This article provides information about cryptocurrencies for general purposes and is not intended as financial advice.

The content is based on my personal opinions and experiences within the cryptocurrency space. I want to disclose that I am the owner of LUNC coins, which may introduce a bias in the content. Readers should be aware that my ownership of LUNC coins may influence the perspectives shared in this article. It is crucial to conduct independent research and consult with financial professionals before making any investment decisions. I do not assume any responsibility for the accuracy, completeness, or suitability of the information provided, and individuals are encouraged to exercise their own judgment when interpreting and applying the content of this article. This article is not and should not be misconstrued as financial advice. The content therein contained in this article is solely intended as informational and entertainment uses only, and reader bears all responsibility after reading this content, and visiting this page, and shall not hold the author responsible for any financial action taken after consuming this material.