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Ethereum is very close to get a spot ETF in the United States [1], and actually there are Ethereum spot ETFs already in Bermuda, Hong Kong and Brazil.

The question is now: Which altcoin will be next? All participants ofthe poll have up to three votes. I limited this poll to the 15 more popular cryptocurrencies as of the Coin (https://coinmarketcap.com/) category of Coinmarketcap, excluding tokens and stablecoins. (There may be a minimal chance that also some tokens could get ETFs but I think it is quite small.)

Any countries are valid, so if for example you think a crypto-friendly country like Bermuda (actually not really a country but an UK posession) could be next to approve these products, then chose the cryptocurrency you think is most likely approved by that jurisdiction.

To not influence the poll result, I will give my reasoning for my selection after some people have already voted. Enjoy! :)

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[1] 19b-4 filings were recently approved by the SEC, but they're fully approved and can start trading only when the S-1 filings are approved.

The marketcap of a coin would be what that is used to determine which coin will be the next. So I guess either Binance coin or Solana will be the next. Btcoin and ethereum have over $100 million marketcap with Bitcoin having over $1.35 trillion and ethereum having almost 450 million. Only Binance coin and Solana are close to $100 million while the next which is ripple is not up to half of any of the two in marketcap. But the market can change and favour unexpected coin to take over Binance coin or Solana which can make my guess not to be accurate.

The ETF seems to be following what is mostly in demand. Bitcoin is the default cryptocurrency people know and Ethereum is the another crypto or altcoin people know. Not only are they the most popular and talked about, they are also the top 2 largest trading crypto. Bitcoin and Ethereum has a very high trading volume.
Considering popularity and trading volume, the next two are Solana and Dogecoin. But it's still more than 5 times less than Bitcoin or Ethereum. It might take time but the next ETF likely are Solana and or Dogecoin.

IMO, you classified it rightly because the ones that are on the radar of many are going to be with Solana. There is no reasoning for that but the status that it shows on the current market ranking is the factor why it is likely going to be the next one that these institutions are going to apply for another etf. And for XRP, is it gonna be likely that it will be approved when someone applies for it when it has got some cases before against SEC?

Getting into an ETF certainly won't be easy, Altcoins have price developments depending on the project being developed. It's possible that no one will enter the ETF anymore. I'm more confident that only Bitcoin and ETH will make it into the ETF. As for the others, I doubt it.

As of now, isn’t litecoin the only one being actually considered for etf approval? I have not heard other coins being considered by the sec to approve for etf. I don’t think memecoins would be considered for etf despite having good performance. They are still very volatile and sec might take that into consideration. Although obviously anything can change especially we are currently in a bullish market situation and many coins are expected to rise which can attract attention from the general public and sec.

There is no assurance that whatever I voted for in here would actually get an approval for etf however I must say we or rather the sec should be careful with approving etfs. This might influence how the general public perceives and reacts to cryptocurrencies. Legitimizing shitcoins would not be a very good move, in my opinion.

I am okay with bitcoin and ethereum being the only ones with etf at least for now.

There are many altcoins in the crypto market but it makes it a bit difficult to decide which altcoin is best after approval for ETF. For this you need to consider the market well there are many shit coins in the crypto market that are trying to show good position but all will never be good many coins will be scam. Volatility in the altcoin market with bitcoin rising, I see Ethereum and BNB in good position after ETF approval.

I pick BNB and SOL. We know that the possibility of making any other altcoin an ETF after Ethereum is approved will be determined by the market cap of that coin, which arises from the number of investors in the coin. Binance Coin (BNB) and Solana Coin (SOL) have wide popularity in the crypto space, and the market cap is also very large compared to other altcoins, so I think that the two coins that I chose will likely get approved. 

OK, I have now voted for Solana, Litecoin and BCash.

This is based on the following criteria:

1) Number of existing financial products. I maintain a list (which is probably not complete) of regulated altcoin financial products (https://bitcointalk.org/index.php?topic=5491994.0) in the German subforum, which lists all altcoin products I know on somewhat regulated exchanges. The following is the number of products that already exist for each coin:

- Solana, Litecoin - 4 products
- BCash, XRP, Chainlink - 3 products
- Polygon, Polkadot, Cardano, Uniswap, Decentraland, Tezos, Cosmos, Stellar - 2 products

2) Why BCash and not XRP or Chainlink?

I believe both BNB and XRP are too centralized to be considered to get a status similar to a "commodity" in most countries. Chainlink seems relatively popular on existing derivative exchanges, but it is not in the most popular 15 cryptocurrencies according to Coinmarketcap. Thus from the three altcoins with 3 existing products I chose BCash, even if I don't like that coin.

i heard SOL is already in the minds of the big investment companies. but it looks like NEAR is coming already since Grayscale has already made a step forward by launching Trust for NEAR.

these are the 2 potential in the coming months to a year. if there is a project to invest i guess NEAR would be the best to go to. although this isn't something that you'd go for decentralization but its the way to make money.

Ethereum has already got its spot ETF approval two days ago. Regarding your question of " which coin will be next', I already voted for Solana which is my favorite coin and it is the most suitable candidate in my opinion for next spot ETF approval, considering its  potential to attract investment consistent technological advancement and low transaction fees, thanks to its high speed network.

I share your view about Litecoin, being considered ahead of the rest, because of it's similarities with Bitcoin, but then there are ofcourse other criterion that sec considers before approving ETFs. As for memecoins, like you said, because of their volatility and no use case, might be against them, but you never can tell with dogecoin, it is an exceptional memecoin. My top pick would be Litecoin, Solana and BNB.

I think it would become like a trend wherein eventually all the top Altcoins will end up in spot ETF. When it started with Bitcoin we were little bit hesitant whether it would go through or not but to our surprise it went well and I wonder how it's going to play. When most of the coins go through the same route? Will all the Altcoins have crazy surge in their value? I think it would this might be an conflicting event during bull run which will turn into positive event for us this increasing the value of Altcoins. I cannot name pick any other Altcoins but would say top 10 Altcoins would be the next ones to go.

Based on rumor, after ETF Ethereum approval has two potential coins will get approval from SEC Commission are Solana and XRP coins, just rumor only and both coins try to get approval for next year on 2025. Actually I am not expected with XRP because have been stable coins since get cases with SEC Commission and looks get difficult for getting ETF approval behind their cases, I am expected with Litecoin one day later get approval from SEC Commission and give good impact for Litecoin return back to the higher price.

In my opinion, I voted for Litecoin and Solana will be next altcoin getting approval but still need time waiting around one or two years later behind how Ethereum and Bitcoin taking more longer time before approving.

I wanted to pick XRP or BNB but both could still have problems from their past or current issues.
LTC is already an OG but it has fallen off in popularity and rankings in the last few years.
DOGE? Nah nobody will still take them that seriously even though they've gained popularity among mainstream users.

so maybe it will be SOL.

I have faith that some altcoins will receive great attention in spot ETFs in the near future such as LTC, XRP, SOL, ADA,... because their position has basically been confirmed from the early stages. The new phase begins and grows with the development of the market. However, the verification process will take time, but we clearly have reason to speculate :) with the current crypto trend.

Your optimism surrounding LTC, XRP, SOL and ADA is well founded given thier historical strong positions in the market. However, I am a bit skeptical about XRP due to its long standing legal issues with Security and Exchange Commission (SEC), though there is hope for resolution in coming months as expected.

Nevertheless, speculating on their inclusion in spot ETs aligns with the current trend of accepting cryptocurrencies in the financial system.

I think SOL would be a great addition to having an ETF but it might not be as soon as I think it will be knowing that it's just the start of cryptocurrencies being an ETF. It's important I think for the approvers of this to have studied it first and see if it's worth it to have more ETFs and if the currency is good.

I'm just thankful that it's being accepted and money from a lot of people can have the capability to add to the market cap of cryptocurrency.

SEC is already losing its hold on crypto, CFTC may replace them in regulating the crypto market. if institutions such as BlackRock, Vanguard and all the rest are going to have to file ETF before the bull run season continues, i think they will only be filing the altcoins they have invested a lot which XRP, LTC and ADA may not be among them.

LTC is possible but i think the project is already abandoned by the whales since the ETH head already taken over the 2nd place which the Silver in crypto.

There are two probables as per my understanding the first one is Litecoin and I am not sure why its name in not in the top on the poll. Then next will be Solana but I am certain it will face same issues like Ethereum did. Litecoin is more likely to get approved first as it's a fork of Bitcoin and then most likely Solana. I doubt any others on that list will have thier ETFs approved before the bull run.

I think the next ETF will be Solana, Binance token still has no chance of entering the ETF spot because CZ is already in trouble with the SEC. Meanwhile Solana is quite adopted at the moment and has the opportunity to shift Binance's capitalization

I am not sure how active BNB is anymore because the noise in cryptocurrencies today is coming from the Solana community. So I assume Solana would make it up there before BNB. However, both are interchangeable. It could be BNB first too. But for the other alts to list there, I have no clue if they will ever be ETFs.

I will say Litecoin and... I hate to say this, but I think XRP has a potential.

Litecoin always being treated like second best coin after Bitcoin, even though it's not that popular, but it's safe.

While XRP is really centralized and banks friendly, since ETF is a government's product, so they can easily approve XRP since the coins are in their control.

Many people voted SOL, but I doubt with it, SOL is only popular recently, it's kind of hype.

Although BNB is fourth biggest market cap coin, their market cap can be so high due to Binance, if the exchange fall, BNB will become worthless, so it's risky for government to launch the ETF version.

I think sol will be the next that will get ETF approval just because it has so much similarities with ETH and as we all know it solves the problem of congestion that ETH has got through and they have failed to solve it but SOL has done it.

So the layer 1 and layer 2 projects have also being launched to solve different problems and give appropriate solution's. It seems very close that it's ETF approval is near.

Solana and Litecoin are the best options at the moment. But I personally like Litecoin because it is an old coin and I have almost no problems whenever I make transactions with Litecoin. But I will include Cardano as the next ETF approval because Cardano is a very good project and I see the Cardano team has done some network development.

Litecoin, no. XRP, maybe. Litecoin have had no major developments in years, XRP still has some regulatory hurdles. Despite the hype solana currently has, it's going to take a long time before it can get it's own ETFs. Their ecosystem still has a lot to prove tbh that it's not just a chain for pump and dump memecoins. My opinion is that it's going to take awhile before we start seeing new ETF buzz for another altcoin after Ethereum. It won't be anytime soon.

Ethereum really shouldn't have gotten an ETF.  BTC made sense, but not ETH, not anything else.  XRP, as much as it's more of a reasonable choice than ETH, and as much as I would like to see XRP, I just can't see any reason why they would.

Are you joking or what? Can you break down what things that you think shall become reasonable reasons to list XRP as ETF rather than ethereum? It sounds non sense to list a coin that has no utility like XRP. ethereum being listed as ETF with a reason.

I would rather trust blackrockor even vaneck with their ETH etf. They aware if XRP was a garbage coin. This is why it's not fulfill the requirements to be launched XRP ETF.

SEC won't even approve it.

Who else if not the coin is CZ. Yes. BNB will always get a third turn in terms of price increases and rarely precedes ETH. The year a few years ago was also the case. I have been following it and it is very predictable.

For the duration and when is the time that we cannot be sure clearly and most importantly just prepare for the future in BNB, after BNB maybe ADA will follow. Hopefully BTC will get better in the future and everyone can also go up.

The crypto community has already classified the top three 3 cryptocurrencies in the ecosystem. The first one is bitcoin follow by Ethereum and the third one will be the BNB and probably the fourth one might the dogecoin. And as others have said it is the marketcap and the population of the project will determine the next one to be accepted by SEC and not because it is a cryptocurrency. But for now Solana has not gotten the need population so they will still wait for sometimes.

I think that Solana and BNB have a great chance of having their ETF launched on the market compared to the others... Just Binance's cooperation with the authorities recently shows that it has a strong inclination to follow what the regulatory bodies want... therefore It is a natural path over time to have your EFT launched.

I will also go for Solana, BNB and Doge, this are the ones i have feelings on to make a new turn for market profitability, there is no high risk in making investment on them and they could be the next to first consider after Ethereum spot ETF, they are all coins that have been seen with future benefits on investments, but i don't think any of them have yet as at now applied for any, maybe anytime soon.

It looks like the options you presented are quite interesting and delicious. Recently, SOL has also done quite well if we pay attention to its price movements and it is seen as being able to survive and quickly return to its initial price, even though it is not yet at its maximum. For BNB, I think this has the greatest potential after the increase in ETH in the near future.

Whether it's SOL or BNB first, it will be very interesting to watch the movements of both of them and others this season.

The most obvious one is Solana and won't be surprised if there is announcement that someone has submitted an application for it, Polygon and Avalanche also has potentials to be the next one but my vote goes to Solana. $BNB tokens should be the next but with US throwing everything against Binance, BNB won't be in their good book for now

Just to remind you all: The poll is not necessarily about the next ETF approval in the US / by the SEC. It's about an ETF approval in any country. Your argument is very US-specific, but of course it is very possible that the US will be the place where the next altcoin ETF is approved, just because the SEC has demostrated that it has abandoned the "only Bitcoin (and maybe decentralized coins) are not securities" policy.

There are however other good arguments against BNB, like that it's too dependant on the exchange Binance. Apart from stablecoins and tokens, which are not part of this poll, it's clearly the most centralized one of the top altcoins.

I don't think that's a good argument. First, older and established blockchains should be careful with adopting too many novelties. The blockchain space is already quite mature and I think you could say the same thing about most other coins too - there are gradual improvements of course, like improved efficiency, but no major breakthroughs (at least in L1s). Second, LTC follows the Bitcoin development closely, and the MWEB tech incorporated into it in 2022 is a very important improvement, about as important as Taproot for Bitcoin or the PoS upgrade for ETH.

Obviously, the Solana ETF will come up next. Many industry players are already taking about this. After all, Solana is as close to Ethereum as it can be in terms of popularity and mainstream adoption. Once Solana ETFs are approved, I think an XRP ETF will come up next. Lets not forget about a Litecoin ETF, too.

Each approval will have positive effects over a coin's market price. At least, in the long-term. What I want to see is how well will these crypto assets perform in comparison to others. I'm talking about the ability to handle large network load, etc. If Solana's network outages persist, investors will move away to other chains. Money talks, right? Hopefully, the ETFs won't move crypto away from its original purpose. :D

Why would Solana get an ETF? Their ecosystem isn't robust enough. Even their DeFi ecosystem is even lower than a Layer 2 on Ethereum. I know Solana has come a long way as a project and has achieved great things as an ecosystem but it's still far from mature and I don't think we would be gettingaby more ETFs approved in the near future. I estimate at least six months or most likely over a year until we'll see more ETFs being approved for crypto.

XRP? Same XRP that has a court case with the SEC and is still not in a good legal standing?

Litecoin is not a top tier crypto project anymore. I reckon it would be lower on ETF prospects.

It is because that's the trend and hype today. The institutions have joined the game and it's not just the only possible next etf that we'll see.
There's XRP, BNB, and the list continues. It's not about their robust ecosystem or whatnot, it's the matter of how much money and market cap it has got.

Actually I think after the ethereum ETF solana and bnb is likely to be the next due to their marketcap, bitcoin has the highest marketcap followed by ethereum and after ethereum solana and bnb is the next in line. Moreover I think their marketcap is what determine the coin that will be next after ethereum, however in terms of popularity I think solana is next to ethereum but in terms of market cap I think after ethereum bnb is the next.

I agree somewhat that the Solana outages are a factor which could influence a potential ETF approval. However, it's one of the two top coins (together with LTC) regarding adoption by other ETP (not ETF!) providers, at least for the market potential this doesn't seem to be the case. However, it could generate doubts for the authorities to consider it really a decentralized cryptocurrency.

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Some external opinions from recent weeks/months to help those who still didn't vote :)

JP Morgan casts doubt about SEC approval of Solana and other crypto ETFs (https://www.theblock.co/post/296845/jpmorgan-doubt-sec-approval-solana-other-crypto-etfs)

(Summary: They think the SEC will maintain its policy that almost all altcoins besides BTC and ETH are securities, until specific legislation is passed.)

Ripple CEO Expresses Support for XRP ETF as Standard Chartered Forecasts 2025 Launch (https://www.crypto-news-flash.com/ripple-ceo-expresses-support-for-xrp-etf-as-standard-chartered-forecasts-2025-launch/)

(Summary: Standard Chartered, a British investment bank, thinks that it's realistic that until 2025 a XRP ETF will be approved, maybe also a Solana one. I think they're referring to the US, although of course being an UK institution the statement could also be referred to Bermuda or Guernsey where the "British" ETFs trade.)

Expert Insights: Evaluating the Likelihood of Approval for the Dogecoin ETF (https://www.binance.com/en/square/post/5071099469098)

(Summary: Crypto trader Andrew Kang thinks there's about 30% of likelihood of a Dogecoin ETF in the US, also because of its decentralized nature. This is already from March though.)

Is Litecoin Next? Proposed ETF Could Bolster Crypto's adoption (https://www.mitrade.com/insights/news/live-news/article-3-150637-20240501)

(Summary: Charlie Lee believes that a LTC spot ETF would be approved. Well, not so surprising actually :) )

      Is the Ethereum spot ETF 100% approved? Isn't it like Gensler is still negative here on ETH? It seems like he was forced because right now his acquaintance with ETH remains,
which is something that is still negative on his part.

     Now, regarding the question of which crypto will be next in the spot ETF, I have no idea at the moment, so let's let time decide on that matter, although all of those are really
potential in the long-term.

It may not be a robust Blockchain, but it's still the top smart contract platform after Ethereum. Investors are interested in Solana, despite its inherent issues. With the upcoming Firedancer node upgrade, network outages will become a thing of the past. At least, that's what the community hopes for.

As for XRP, I think it'll have a high chance for an ETF approval now that the doors were opened for ETH. The latter was often flagged as a "security" by the SEC. If it got the green light from the regulating entity, what makes you think the same won't happen with XRP? If giants like BlackRock and VanEck show interest in XRP ETFs, I don't see why it can't happen in the first place.

And Litecoin is as close to Bitcoin in terms of economics and network structure (often named "Silver to Bitcoin's Gold"). So the cards are on the table for a possible ETF approval in the US. I know LTC isn't as active as other blockchain projects, but it's still one of the fastest and cheapest cryptocurrencies in the world. Its latest addition is the Mimblewimble privacy protocol. People haven't noticed it's true potential yet. But they will sooner or later. Just keep buying, and holding, and forget about the rest. :D

I think there will be a possibility for the Solana ETF to be approved after Ethereum but remember that ETF approval takes a long time like that of Bitcoin and Ethereum in which Bitcoin ETF has been approved but it becomes possible after a long period.

Solana is getting more and more successful and is considered more successful after Bitcoin and Ethereum so in my opinion Solana has greater possibility for ETF approval. Solana has been performing well for a long time and its success is real but many people are still in doubt about Solana success so it is a personal matter but I think Solana will become better in the future.

I would say 99%. As I wrote in the first post, the 19b-4 filings from the Ethereum applicants are approved, which do however not register the definitive financial products (the ETFs themselves) but authorize rule changes for the exchanges where they will trade.

But the S-1 forms, which register the product (ETF) itself, should be approved at most in a few months, more likely in a few weeks. Here there's some speculation (https://www.binance.com/en/square/post/8703683507442) about a potential date (Bloomberg expert Eric Balchunas says it could be around July 4).

The Ethereum spot ETFs in the other countries (Bermuda, Brazil and Hong Kong/China) are of course already trading some time, so the thread title is not wrong :)

I dunno if it's really about "negative"/"positive". It's the interpretation about the Howey test applying to ETH or not. Here's a quite good article (https://blockworks.co/news/eth-not-security-howey) with a bit of depth, arguing that the ICO ETH tokens may have been "securities", but as now ETH has become an utility token and the ICO is long over, this does no longer apply, and PoS in the opinion of the writer doesn't change that. So this does actually not mean that you can now launch a new crypto ICO and then it will magically escape the "security" categorization. ETH has only chances to escape it because the ICO was long ago.

There's of course a lot of speculation if there was political pressure to the SEC of course but there's nothing proven afaik. There's also still the theory that the S-1 approval could be delayed several months until the SEC concludes the investigation if ETH is a security or not, but I think this possibility is quite low.

Bitcoin and Ethereum happens to be the most popular coin in the crypto space.And currently Ethereum is the leading altcoins,and your question is,After the Ethereum ETF(s), which altcoin will be next?I think Solana and BNB,the coinmarketcap has listed it that these two coins also have potentials but not as Bitcoin and Ethereum.Most Bitcoin enthusiast may want to invest on altcoins and if it's not Ethereum, Solana and BNB they don't see any other altcoins worth investing because they find these three altcoins reputable and trustworthy.

There are news for this thread:

Today, VanEck filed (https://www.coindesk.com/business/2024/06/27/vaneck-files-for-solana-etf-sol-rises-6/) for a Solana ETF in the USA.

On June 20, 3IQ filed (https://www.coindesk.com/markets/2024/06/20/canadas-3iq-files-to-list-solana-etp-in-toronto/) for a Solana exchange traded product in Canada, but it seems to be an ETP, not a spot ETF (so investors have an additional counterparty risk).

This does not mean that we have a winner though. Technically not even the US Ethereum ETFs are completely approved (although the Hongkong and Bermuda ETFs are).