The altcoin market has not actually launched yet, and the largest bull market in cryptocurrency history is about to arrive, as the market expansion after such a long bear market will surpass any previous cycle.
Get ready for a potential summer of altcoin ETFs, with SOL likely leading the way.
Which cryptocurrency ETFs have been submitted for approval this year? What are the odds of SEC certification? Will the numerous cryptocurrency ETF applications bring about an "altcoin season"?
SOL, 99% XRP, 85% BNB, probability unknown
SUI, 60% SEI, probability unknown PENGU, 50%
LTC, 82% DOT, 90% AVAX, 90%
DOGE, 75% ADA, 90% HBAR, 90%
TRX, probability unknown NEAR, probability unknown APT, probability unknown
AXL, probability unknown TRUMP, probability unknown
Will the numerous cryptocurrency ETF applications bring about an "altcoin season"?
Cryptocurrency ETF applications often spark investor expectations for approval, and once the market believes that a certain cryptocurrency ETF might pass, investors tend to buy that cryptocurrency, thereby driving up the market.
Once the ETF is approved, it will also attract more investors to participate, further boosting the overall trading volume of the cryptocurrency market and enhancing liquidity.
Currently, there are voices suggesting that the SEC's upcoming approval of some cryptocurrency ETFs will kick off a "summer of altcoin ETFs."