Crypto King Mazhar

06/12 18:55

Is altcoin ETFs boom coming? A wave of optimis

Is altcoin ETFs boom coming?

A wave of optimism is sweeping the digital asset space after analysts suggested that the U.S. Securities and Exchange Commission (SEC) could begin giving the green light to crypto exchange-traded funds (ETFs) as early as July.

If the predictions are correct, a new era of diversified crypto investments could be upon us in just a few weeks.

According to Bloomberg’s James Seyfarth and Eric Balciunas, the SEC is reviewing applications for index ETFs that pool together various cryptocurrencies. These ETFs, filed by companies like Grayscale and Bitwise, aim to give investors access to multiple digital assets through a single vehicle. Analysts estimate the chances of approval at 90%.

Solana appears to be at the forefront of this trend. Not only are issuers of spot exchange-traded funds actively updating their Solana-based offerings, but the SEC is reportedly holding preliminary discussions about how staking could be incorporated into such funds. Bloomberg analysts believe that SOL could become the first major altcoin to have an ETF listed in the US.

21Shares President Duncan Moir, speaking at an event in Paris, said multi-asset funds are quickly gaining popularity among investors who are unsure which tokens will perform better. “When in doubt, it just makes sense to buy a basket,” Moir noted.

Meanwhile, other altcoins like XRP and Ethereum may follow suit later in the year, especially with the growing discussions surrounding staking-related offerings.

Nate Gerasi of ETF Store believes that the upcoming SEC rulings could open the doors for crypto investments to enter the mainstream. With institutional players lining up and rumors of meme ETFs as early as 2026, the market could soon witness an unprecedented boom in regulated crypto products.

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