Recently, important decisions taken by the US Securities and Exchange Commission (SEC) have been causing fluctuations in the Bitcoin and altcoin market. The approval of eight spot Ethereum ETFs with giants such as BlackRock and Fidelity is described as a major milestone for Ethereum. This development raises the question of which cryptocurrency is next in line for investors. While many experts and analysts turn their eyes to Solana, alternatives such as Dogecoin and Litecoin also stand out. In this article, we will examine the effects of SEC’s Ethereum approval on the altcoin market and share predictions about which altcoins may stand out in the coming period.
Which altcoin projects are next after Ethereum?
As we reported as Kriptokoin.com, the US Securities and Exchange Commission (SEC) has made a significant development in the cryptocurrency market by approving eight spot Ethereum ETFs together with giants such as BlackRock and Fidelity. While this move is described as a major turning point for Ethereum, the question comes to investors’ minds as to which cryptocurrency is next. In this context, many experts and analysts are turning their eyes to Solana.
Former White House Communications Director and SkyBridge Capital co-founder Anthony Scaramucci expressed optimism following the SEC’s approval of Ethereum, saying, “A SOL ETF is coming, get ready.” With these statements, Scaramucci expresses his belief that Solana will also receive an ETF approval soon. CNBC host Brian Kelly is among those who draw attention to Solana’s potential. Kelly evaluates Solana, which ranks fifth in terms of market capitalization, with the words: “Bitcoin, Ethereum and Solana are probably the big three for this cycle.” These comments also coincide with the predictions of Solana investor and Asymmetric founder Joe McCann.
Dogecoin is also an ETF candidate
While McCann expressed his belief that the next ETF to be approved will be Solana, he also notes that the language used in the Coinbase case could affect future approvals. McCann argues that Dogecoin, which bears similarities to Bitcoin’s launch and has “definitely not a security” status, could also be an ETF candidate. Litecoin is also among the cryptocurrencies evaluated in this context.
However, from a regulatory perspective, although Dogecoin and Litecoin seem to have a higher chance of gaining approval, the financial obligations required to launch a Litecoin ETF can be a deterrent for issuers. All in all, while the SEC’s approval of Ethereum is a turning point for the cryptocurrency market, investors are eagerly waiting to see which cryptocurrency is next. While Solana stands out as a prominent candidate with its potential and similarities to Bitcoin, Dogecoin and Litecoin are also considered more suitable options from a regulatory perspective. It is a matter of curiosity which cryptocurrencies will receive ETF approval in the coming months and what impact this will have on the market.
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