Pi Network (PI) Coin Could Be the Next Cryptocurrency to Launch an Exchange Traded Fund (ETF)

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

Pi Network's mainnet launch has sparked significant interest in Pi coin, its native token, which has achieved a cult-like status across the globe.

Beginning in 2014 as a project by Stanford University researchers, Pi Network is a blockchain network focused on developing a decentralized ecosystem for cryptocurrency.

The project's primary aim was to create a secure and user-friendly cryptocurrency that could be easily mined by anyone, anywhere in the world. This vision arose from the complexities encountered in introducing Bitcoin to a broader audience.

To achieve broader participation, Pi Network's founders—Dr. Jed McCaleb, Nicolas Nerode, and Dr. Eric (who prefers not to disclose his last name publicly)—set out to develop a cryptocurrency that could be mined on mobile devices without requiring significant technical expertise or specialized hardware.

This vision led to the development of Pi, a token that can be mined on the Stellar blockchain using the Pi Network app.

After a six-year testnet phase, Pi Network's mainnet was finally launched in December 2020, marking a critical milestone in the project's journey.

After the Exchange Traded Fund (ETF) approval of Bitcoin and Ethereum, and the likely future approval of XRP, 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 members believe and speculate that Pi Coin Exchange-Traded Fund (ETF) could give a significant price boost to the token's value and legitimacy.

Now, as most of the Pi Network community is demanding the Pi ETF, let's take a look at the possibility of a Pi ETF.

Pi ETF: A Dream Of Pi Community

The Pi community, known for its enthusiasm and close-knit nature, has been actively discussing the prospect of a Pi ETF.

Members are hopeful for such an initiative, considering the recent approval of Bitcoin and Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC).

The approval of these flagship cryptocurrencies' ETFs marks a significant step in mainstream financial institutions' growing acceptance of digital assets.

Moreover, rumors circulating within the Pi community suggest that the SEC is nearing approval for an XRP ETF, further indicating the increasing integration of cryptocurrencies into traditional financial markets.

Crypto ETFs facilitate participation from institutional investors, thereby boosting the market's legitimacy and making crypto accessible to a broader audience.

This involvement is crucial for expanding the cryptocurrency ecosystem and fostering greater innovation.

Pi ETF: A Possibility Or A Distant Dream?

The Pi community members believe and speculate that Pi Coin Exchange-Traded Fund (ETF) could give a significant price boost to the token's value and legitimacy.

The anticipation for a Pi ETF stems from the fact that, despite its widespread popularity, Pi is not yet available on any major cryptocurrency exchange.

This limitation has restricted institutional investors' ability to engage with Pi, despite their interest in the token.

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.

The varying opinions on the Pi ETF highlight the evolving landscape of cryptocurrency regulation and investment.

As the SEC continues to evaluate new applications and adjust its policies, the possibility of a Pi ETF in the future remains an interesting topic for discussion and analysis among crypto enthusiasts and financial professionals alike.

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.