Bloomberg analysts: The wave of Altcoin ETFs is about to arrive, and the Solana Spot ETF is expected to be the first to get approved.

Gate News bot message, Bloomberg ETF analyst Eric Balchunas recently released an analysis report. The report mentioned that the Altcoin ETF market is facing a new wave of development. Among them, the Solana Spot ETF is the most likely to receive the first approval.

The analysis report indicates that Litecoin also has the opportunity to become the first approved product. The SEC is expected to approve the broad-based cryptocurrency index ETF next month and prioritize the processing of applications related to Solana and staking ETFs in response to Rex-Osprey's regulatory strategy.

Balchunas mentioned in the report that the actual impact of ETF inflows on the price of Solana or other altcoins is yet to be determined, and he emphasized that no cryptocurrency can compare with Bitcoin.

Source: Wu Says

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