Following the approval of spot Bitcoin and Ethereum ETFs in the US, eyes turned to other cryptocurrency ETFs.
At this point, while ETF applications have been made for Solana (SOL), XRP and HBAR, it is wondered which altcoins will be the next applications.
At this point, The ETF Store president Nate Geraci said that other issuer companies have also made initiatives for Cardano (ADA) and Avalanche (AVAX) ETFs.
Bloomberg senior ETF analyst Eric Balchunas stated that the best date to apply for a spot ETF for Dogecoin is December 31, 2024.
DOGE’s inclusion in the ETF list was interpreted as an indication that even memecoins are starting to gain ground in the institutional investment world. ETF applications and possible approvals for popular altcoins such as ADA, AVAX and DOGE could further increase investor interest in these altcoins.
*This is not investment advice.