Nate Geraci, President of The ETF Store, revealed that applications for spot ETFs for Solana (SOL), XRP, and Hedera (HBAR) are currently in progress, alongside the launch of Grayscale and Bitwise crypto index funds. Geraci also speculated on potential ETF filings for Cardano (ADA) and Avalanche (AVAX), signaling a growing interest in altcoins among institutional investors.
SOL has garnered attention for its scalability and low transaction costs, prompting VanEck to file a spot ETF to capitalize on its expanding ecosystem. Similarly, XRP has seen increased confidence after gaining regulatory clarity, leading Bitwise to file for an XRP spot ETF. HBAR, with its efficient distributed ledger, has also attracted filings, including an S-1 registration by Canary Capital.
Can we say an altcoin season coming with possibilities of many spot ETFs in line? Let’s see what it means for you!
Expanding to Cardano and Avalanche
ADA and AVAX are strong contenders for future ETF filings. Cardano’s emphasis on security and scalability in its proof-of-stake model and Avalanche’s sub-second finality and multi-chain architecture make them appealing to asset managers. These filings mark a significant step as institutional players look beyond Bitcoin and Ethereum to diversify their portfolios.
Bitcoin’s Limited Supply
Geraci also provided insights into Bitcoin’s finite supply. Of the total 21 million Bitcoins, nearly 20 million have been mined, with an estimated 4-5 million permanently lost. Satoshi Nakamoto’s wallet alone holds over 1 million Bitcoins, and spot ETFs collectively hold another 1 million. MicroStrategy is expected to increase its holdings to 400,000. This constrained availability underscores Bitcoin’s rarity and value.
Speculation on DOGE ETF
Additionally, Bloomberg ETF analyst Eric Balchunas suggested December 31 as an optimal filing date for a DOGE ETF. This reflects the increasing activity and interest in the cryptocurrency ETF space, as financial institutions seek to expand offerings and meet the growing demand for digital asset investments.
The emergence of altcoin ETFs and Bitcoin’s constrained supply highlight the changing strategies of cryptocurrency investments, signaling greater integration of digital assets into mainstream financial markets.
With Trump’s win, this will be bigger than expected with BTC and ETF success altcoins like SOL, and XRP have good chances to come up with ETFs soon. What do you think about this latest buzz tell us.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed