The difficulty of getting approval for altcoin ETFs is indeed great, but once successful, the trend can change everything!
📌 Currently in the queue are: $DOGE, $LTC, $XRP, $SOL, $DOT.
Looking at the success rates, LTC, SOL, DOGE, and XRP have great hopes, while DOT is likely to be a backup.
🔹 $SOL: Market cap of 130 billion, ranked 6th, a favored child of American capital, with the most institutional applications. Although it is POS, there is ETH's approval as a precedent, and with the SEC's reshuffle, the probability is not low. However, in the short term, it is still more of a tool for capital to break even.
🔹 $DOGE: Market cap of 40 billion, a veteran POW + supported by Musk, with a faster application progress than others.
🔹 $LTC: Market cap of 8.7 billion, ranked 20th, long history, sufficiently decentralized, compliant POW, but liquidity is relatively weak.
🔹 $XRP: Market cap of 178.3 billion, ranked 3rd, just finished winning the lawsuit against the SEC, ready to go. However, centralization issues + gray business are concerns.
⏳ By the end of October at the latest, these ETFs will have results.
Which one do you think will be approved first? ✅