Senior Bloomberg market analyst Eric Balchunas predicted the swift approval of spot ETFs based on a basket of altcoins in the U.S. According to him, the SEC could approve funds that will include $ETH , $SOL and other popular tokens as early as July 2025, after which it will consider ETFs exclusively based on Solana. This prediction has generated excitement in the crypto market, as altcoin ETFs could attract billions of dollars in institutional investments.
The launch of such funds could provoke an 'altcoin ETF summer', when alternative cryptocurrencies receive a significant influx of capital. Balchunas notes that the success of bitcoin ETFs, which attracted $30 billion, has created a precedent for market expansion. Ethereum and Solana are expected to be the first candidates due to their developed ecosystems and high liquidity. However, analysts warn of potential regulatory hurdles, particularly due to the unclear classification of altcoins as securities.
This event could be a catalyst for a new 'altcoin season', driving up token prices. Stay tuned for cryptocurrency and mining news by subscribing to #MiningUpdates
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