- The ETH ETF approval anticipation brings the community to expect more altcoin ETF listings.
- Solana (SOL) and Ripple’s XRP arise as the likely contestants according to many analysts.
- How high will the price of XRP and SOL shoot when their ETF listing is confirmed?
The crypto sphere is buzzing over the ETH Spot ETF approval possibility. The expectation of an early approval has the crypto community anticipating major price surges for ETH as well as ETH-based tokens and altcoins in the market.
Read CRYPTONEWSLAND on
google news
While this is enough synergy for the crypto frenzy on its own, many analysts are shifting their sights for what crypto asset could qualify to become the next ETF listing option and when will this altcoin ETF option come into play.
Considering the raging success of Bitcoin Spot ETFs so far it is no doubt that ETH Spot ETFs will likely experience the same success. This means that established financial institutions might go on to listing more altcoins with explosive potential as future Spot ETF options.
Earlier today, Miles Deutscher shares his take on the possibility. According to him the most likely token to join the Spot ETF bandwagon would be the lovable pioneer memecoin Dogecoin (DOGE).
In his point of view DOGE offers stability and popularity. Not to mention the asset has been around for almost as long as Bitcoin (BTC) and Ethereum (ETH). Most importantly, the Dogfather, Elon Musk, also shares profound support for the asset.
Certainly, this is an intriguing possibility. However, Deutscher also points out how a Spot ETF listing for Ripple’s XRP is also a big possibility. He says an XRP Spot ETF is als in the realm of possibility and could be more clear once Ripple closes its ongoing case with the SEC.
Meanwhile, one trader on Reddit starts the narrative of a Solana ETF being next. He marks how the ETH ETF announcement led to inflows of over $70 billion in a single day. This number is roughly close to that of SOL’s entire market cap.
He then speculates, if Solana (SOL) is to get its own Spot ETF listing, then SOL price and market cap would likely see the same effect. If so the price of SOL could shoot to $180 or ever $360 in a few hours alone.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
