💥💥💥The spring of altcoins is quietly approaching...

In the first half of this year, the number of altcoin ETF applications received by U.S. regulators soared to 31, and institutions are no longer satisfied with just focusing on Bitcoin and Ethereum; they are now extending their reach to the broader altcoin market.

Among them, the most eye-catching move was made by SUI, which was discussed yesterday — in March, Canary Capital was the first to submit an application for a SUI spot ETF, directly tracking the SUI token. Shortly after, the Cboe BZX exchange applied to list this fund, and even Nasdaq joined the fray, submitting documents for 21Shares' SUI spot ETF. The SEC's review process has officially begun.

—— Bloomberg's Eric Balchunas and James Seyffart believe that the approval probabilities for SOL, XRP, and LTC are as high as 95%; while projects like DOGE, ADA, DOT, HBAR, and AVAX also have a 90% chance. If approved, capital is likely to flood into multiple altcoin sectors.

The market's temperature has actually already risen:

As mentioned earlier, ETH has risen 30% in the past 7 days, and 78% year-to-date, just a step away from its historic high in 2021;

XRP rose 10%, SOL rose 19.3%, SUI rose 15%, while LINK surged by 43%.

It can be said that this wave of dual stimuli from institutions and ETFs has significantly increased the heat of altcoins.

📈 If this momentum continues, the next altcoin to double could be on this list. Brothers who don’t want to miss this ride, feel free to click for a free follow.