Nate Geraci, President of The ETF Store, recently revealed that applications for Solana (SOL), XRP, and Hedera (HBAR) ETFs are already in progress, and more like Cardano (ADA) and Avalanche (AVAX) could be on the way. But that’s just the beginning—could this mark the start of an "altcoin season," where institutional investors shift their focus beyond Bitcoin and Ethereum?
Read on to discover why these altcoins are catching the eye of big players and what this means for the future of crypto investments.
Strong Contenders for Future ETFs
As institutional players look beyond Bitcoin and Ethereum, these filings show the growing interest in diversifying portfolios with altcoins.
Bitcoin’s Limited Supply
This limited availability adds to Bitcoin’s rarity and value, making it even more attractive to institutional investors.
[post_titles_links postid="382800"]Is a DOGE ETF Coming?
Bloomberg’s ETF analyst, Eric Balchunas, suggested that December 31 would be a good date for filing a DOGE ETF, reflecting the rising interest in cryptocurrency ETFs. Financial institutions are eager to expand their offerings and meet the growing demand for digital asset investments.
The rise of altcoin ETFs and Bitcoin’s restricted supply signals a shift in cryptocurrency investment strategies. This trend shows that digital assets are increasingly becoming a part of mainstream financial markets.
With the possibility of a Trump win and the success of Bitcoin ETFs, altcoins like SOL and XRP could soon have their own ETFs. This momentum is a sign of good things to come.