The approval of spot Ether ETFs has opened Pandora’s box for another altcoin ETF. Solana, XRP, Chainlink or Dogecoin could be next, but is the crypto market overly optimistic?
The prospect of another altcoin exchange-traded fund (ETF) in the United States could depend on political changes following the upcoming 2024 U.S. presidential election.
This is despite the U.S. Securities and Exchange Commission (SEC) giving the green light for fund managers to list spot Ether (ETH) ETFs on May 23.
Although SEC Chair Gary Gensler admitted that “it will take time” until the Ether ETFs are launched, speculation about the next crypto ETF has already begun, with Solana’s (SOL) emerging as a top contender.