$BTC $ETH

Why is approval for the ETH Spot ETF greater than approval for the Bitcoin ETF?

Today, the Securities and Exchange Commission (SEC) approved all ETFs.

Let's find out why this is a game changer.

1) Security status of altcoins

- The Securities and Exchange Commission said that every altcoin is a security.

From BNB to XRP to TRX, the SEC has gone after almost every altcoin.

- After the ETH ETF is approved, this scenario will completely change since most of the altcoins work similarly to Ethereum, so they cannot be safe.

- For altcoins, they still don't have much institutional flow, but that will change now.

- Institutions that will invest in ETH will also consider other altcoins, which will lead to an influx of billions of dollars in funds.

-Once the ETH ETF starts trading, there will be other ETF applications for different altcoins as well.

- All of these things will lead to the emergence of an alternative season that the cryptocurrency market has never seen before.

ETH ETFs have completely changed the game for altcoins

People were worried that we wouldn't see an altcoin season this cycle because the flow of money in BTC wouldn't go into altcoins just because it's coming through ETFs.