Recently, the interest in 'altcoins' and 'Ethereum' has skyrocketed on Google searches, reaching the highest point since 2021! This wave of enthusiasm is closely related to many new 'altcoin' ETF applications and the trend of corporate treasuries buying more crypto assets.

Simply put, apart from Bitcoin, more and more funds and attention are turning to other cryptocurrencies in search of 'potential stocks'.

Why is this interesting?

  • As early as 2018, after the Bitcoin frenzy, the search volume for 'altcoins' began to rise sharply, as many people focused on those newly issued coins through ICOs.

  • In 2021, with the rise of DeFi and NFTs, combined with mainstream altcoins like Ethereum, Cardano, and BNB, the search popularity for altcoins reached record levels.

  • Now, with more ETFs targeting altcoins, companies are also starting to hoard mainstream altcoins like Ethereum and Solana, leading to a natural surge in interest!

The popularity of altcoin ETFs is surging 🔥

In the first half of this year, U.S. regulators received more than 31 applications for altcoin ETFs!

  • Canary Capital has proposed a spot ETF tracking the SUI token.

  • Nasdaq and Cboe are both involved in the approval process.

  • Additionally, industry experts believe that Solana (SOL), XRP, and Litecoin (LTC) have a 95% approval probability, while Dogecoin, Cardano, and Polkadot also have a good chance of approval.

This means that in the future, not only Bitcoin but also more mainstream altcoins will be included in formal investment products, making it easier for retail and institutional investors to participate.

Corporate treasury strategies are changing lanes 💼

More and more companies are starting to use 'altcoins' as digital asset reserves:

  • Ethereum (ETH) is the top choice for many companies, such as Metaplanet and BitMine, which hold billions of dollars in ETH, and many will stake tokens for additional earnings.

  • Solana (SOL) is also quite favored, with Upexi and DeFi Development Corp. holding millions of SOL, most of which are staked.

  • Even Chainlink is favored by enterprises, launching the 'Chainlink Reserve Mechanism' to enhance network vitality by converting fees into LINK.

Altcoins have been performing impressively recently 💹

According to CoinGecko data:

  • Ethereum has risen 30% in a week and 78% this year, now not far from its historical peak in 2021.

  • Other popular coins are also performing well: XRP is up 10%, SOL is nearly up 20%, SUI is up 15%, and LINK has surged 43%!

Summary 🌟

The market is shifting from 'only looking at Bitcoin' to 'Bitcoin + altcoins', with the ETF craze and corporate treasury strategies bringing more confidence and options. However, the market always has cooling periods, so I hope everyone can identify trends, manage risks, and not get caught at high points when the wind blows chaotically~ That's all for now~

The above content is for information sharing only and does not constitute any investment advice! Investment carries risks, please be cautious when entering the market!

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