Following the approval of spot Bitcoin and Ethereum ETFs in the US, attention has shifted to other cryptocurrency ETFs.
Solana (SOL), XRP, and HBAR have already filed for ETF applications, raising speculation about which altcoins will follow suit.
Nate Geraci, president of The ETF Store, mentioned initiatives from other issuers for Cardano (ADA) and Avalanche (AVAX) ETFs.
Bloomberg senior ETF analyst Eric Balchunas has suggested December 31, 2024 as a potential date for a spot ETF application for Dogecoin.
The inclusion of DOGE on the ETF list suggests that even memecoins are gaining traction in institutional investment. ETF applications and potential approvals for popular altcoins like ADA, AVAX, and DOGE could further boost investor interest in these assets.
In addition to crypto index fund uplistings from Grayscale and Bitwise, spot ETF filings for SOL, XRP, and HBAR are currently underway.