🦅 The ETF wave has engulfed the SEC

This week, several applications for crypto-ETFs were submitted to the SEC, including funds on Avalanche, Sui, and even the meme token Bonk. In total, the regulator is set to review more than 90 applications, with deadlines in October and November.

Bitwise proposed a spot ETF on Avalanche, Tuttle – 'Income Blast' products on Bonk, Litecoin, and Sui, while Defiance experiments with funds based on arbitrage strategies. According to analysts, infrastructure tokens like Avalanche have the highest chances of approval: they are closer in logic to Ethereum and have a higher market capitalization.

🤡 The situation with meme tokens is more complicated. The SEC is concerned about their volatility and low liquidity. Nevertheless, interest in them is growing: earlier in August, Safety Shot announced a $25 million strategy in Bonk.

Experts expect that with the introduction of common listing rules, several ETFs could hit the market simultaneously. This could trigger a new wave of interest in altcoins, going beyond Bitcoin and Ethereum. #Новостиизкриптомира #sec