ETFaltcoin

After the resounding success of spot Bitcoin ETFs, investors continue to hope for a wave of ETFs for altcoins like Dogecoin, XRP, Solana, or Cardano. However, recently, the U.S. Securities and Exchange Commission (SEC) officially announced the delay of the approval decision for the two most anticipated ETFs, Dogecoin and XRP, at least until June.

Is this just a familiar move by the SEC, or is it a sign that altcoin ETFs are still not strong enough to 'make a mark'?

The altcoin ETF market is hotter than ever as Bitwise and Canary Capital both file S-1 applications with the U.S. Securities and Exchange Commission (SEC) to launch ETF funds for Aptos (APT) and Axelar (AXL). This is a clear sign that asset management funds are racing to expand their altcoin ETF portfolios in the context of the SEC becoming increasingly open to cryptocurrency.
Bitwise Files for Aptos ETF (APT)
In the early morning of March 6, 2025, #Bitwise officially submitted S-1 filings to the SEC to apply for the establishment of the Bitwise Aptos ETF. Previously, on February 27, the company had registered the fund in Delaware – a common step before officially submitting documents to the SEC.