ETH ETF Anticipation Raises Hope for Next Altcoin ETF Proposal, Analyst Eyes Dogecoin (DOGE) as Next Likely Option

ETH Spot ETF Approval Sparks Crypto Frenzy, Dogecoin (DOGE) Emerges as Potential Next ETF Candidate

The impending approval of an early ETH Spot ETF has sent the crypto sector into a frenzy. Market participants eagerly anticipate a surge in the prices of ETH and ETH-based tokens following the ETF's launch.

Amidst the excitement, analysts are already speculating about the next ETF listing, with Dogecoin (DOGE) emerging as a strong contender.

ETH Spot ETF Anticipation Fuels Altcoin Expectations

As anticipation for the ETH Spot ETF builds within the crypto community, expectations for altcoins to rally are also growing. Analysts predict that ETH's price will skyrocket once the ETF is approved.

Furthermore, the ETF approval is not only expected to boost ETH's price but also to positively impact ETH-based tokens. Memecoins such as PEPE and FLOKI are likely to surge alongside ETH.

Next Altcoin ETF Candidate: Dogecoin (DOGE)

While the crypto community eagerly awaits the approval of ETH Spot ETFs, other analysts are looking at the bigger picture. BTC Spot ETFs proved to be a massive success, attracting significant inflows into the crypto market. ETH Spot ETFs are expected to follow suit.

This raises the question: which altcoin will be considered for the next ETF approval? One analyst shares an intriguing observation with their community.

According to the discussion, the token must have been in the market for as long as Bitcoin (BTC) and Ether (ETH). This narrows down the options to Litecoin (LTC), Ripple's XRP, Cardano (ADA), and Dogecoin (DOGE).

The analyst further analyzes these assets, explaining why they could be the next ETF candidate. Litecoin and Cardano are ruled out due to ongoing SEC scrutiny. However, a recently passed US House bill may open doors for them in the future.

While an XRP ETF is a possibility, the asset is still embroiled in its legal battle with the SEC. This leaves DOGE as the only viable option. DOGE has been in the market for an extended period, has a strong community, and enjoys support from high-profile figures like Elon Musk. This insight could be highly bullish for DOGE holders.

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The article originally appeared on Crypto News Land.