- A VeChain enthusiast puts the spotlight on VET as the next altcoin for ETF approval.
- VET joins DOT, XRP, SOL, and DOGE as a possible contestant for the next ETF approval.
- If VET ETF does go through, the likelihood of a VET 100x price pump grows stronger.
The whooping success of Bitcoin Spot ETFs led to what many in the crypto space believe as inevitable, an ETH ETF approval. The crypto sphere is highly bullish after ETH ETF was approved. This led to the crypto space awaiting a massive bull run for ETH and ETH-based tokens. However, another new debate sparked in the space.
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In particular, seasoned crypto analysts now expect more altcoin to enter Spot ETFs approvals. Thus, many analysts are debating on which altcoin could be the next ETF approval for listing.
Currently in the spotlight is the popular green-centric sustainability token, VeChain (VET). According to one VeChain (VET) enthusiast, VET ETF approvals are likely in the pipeline. In fact, this user believes VET ETF is already approved and trading will commence on major stock exchanges from June 1.
So far, this statement is likely just a comment to pump the asset and create hope. While the statement made here is more likely for shock value rather than a credible statement, it does showcase the passion for the sustainability-driven asset.
No doubt, VET has made incredible strides since its launch and even more so in this year alone. Certainly, the launch of VeBetterDAO and major partnerships with UFC and the Italian Tennis Open has proven the project’s commitment for sustainable blockchain technology.
Thus, the likelihood of a VET ETF may just be a rumor for now but it also proves the demand for the asset. With all its latest successes, expectations are already high for VET price to pump in the coming golden bull run phase.
So is a VET ETF in the works? There is no official word from the project themselves yet but the crypto and VET community seem to be keeping their hopes up. The same can be said for other altcoins as well. To highlight, DOT, XRP, SOL, and DOGE have all been picked by their communities to be the next altcoin ETF listing. Only time will reveal the chosen ones.
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