Analyst: If the spot Ethereum ETF is approved, altcoin ETFs such as SOL and DOGE will quickly flood into the market

Cryptocurrency analyst Lark Davis pointed out that if the U.S. Securities and Exchange Commission approves a spot Ethereum ETF this year, ETFs based on altcoins "may soon" flood into the market, including DOGE ETF and SOL ETF, as well as Chainlink and Avalanche etc. He predicts that ETF products based on altcoins may appear in 2025.

It is reported that Sandy Kaul, head of digital assets at Franklin Templeton previously hinted in an interview with Bloomberg that there would be more applications for cryptocurrency ETFs.