SEC Likely to Approve ETF for Popular Altcoins, Boosting Market Confidence

I believe that the SEC will approve ETFs for altcoins.

Any asset that has been traded on Coinbase for over six months could soon qualify for ETF approval, opening the door for numerous established cryptocurrencies such as LTC, BCH, DOGE, DOT, SHIB, AVAX, LINK, XLM, SOL, HBAR, ADA, and XRP to enter this market.

According to Bloomberg analyst Erik Balchunas, the launch of these ETF funds in the United States is expected as early as September or October. With new investment inflows imminent, I see this period as potentially the most bullish phase, boosting market confidence and driving prices higher.