By Nermeen Nabil Khear 
The post Are Spot ETFs for Solana, XRP, and HBAR a Sign of an Upcoming Altcoin Season? appeared first on Coinpedia Fintech News
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.
The post Are Spot ETFs for Solana, XRP, and HBAR a Sign of an Upcoming Altcoin Season? appeared first on Coinpedia Fintech News
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 …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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