How will ETF will affect altcoins if approved?

[BaraxLo]

I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens.  I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.

Anything that affects bitcoin is going to affect other coins for sure, because investors usually follows bitcoin and will withdraw from other coins once they notice that bitcoin is falling. But… this is just a joke and nothing is going to happen to Bitcoin if ETF is approved.

I’m saying this cause I have seen people say this particular thing before but it never happened. Bitcoin might be affected quite alright, but it would be just for a while and after that it will rise again.

[Hobbledehoy]

I have seeing many people talk about how bitcoin will be affected by what ever happened if ETF is approve or not and people are not saying much about altinative coins and tokens.  I believe that ETF should also affect others coins like zcash and ethereum in a way because of the unique role there are playing in cryptocurrencies community.

If ETF goes through then we should all expect to see better prices of the coins in the market, because that way there will be more trust for the coins in the market and more people will be coming in. Also if it does go through then we should be expecting to see more instutionalized money coming back into the market as they can now trade in better circumstances.

[Accts4u2]

We all know that the price of the altcoins are affected and determined by the price of bitcoin so if ETF goes through then it will have a positive influence on the price of bitcoin making it go up. When the price of bitcoin goes up, then the price of altcoins will go up too so if etf does go through then it will be good for even the prices of the altcoins.

[sinkfish]

it might open a new gateway for traditional traders or investor to invest in crypto without much worries.

[NewBet]

If it is approved then the price of the altcoins will start to recover and do well again. With such an approval there will be more trust from people who are not yet investing in the market to put their money in it and with that more money will come to the market which means more demand and with more demand comes more growth.

[Naitik]

As cryptocurrency market is very sensitive to news as ETF rejected we see the total market cap goes down but there are lots of things to be considered. Oneday a disrupt will come a shut off all FUD news.

[aleksnutis]

I do not think ETF will affect other coins. If the growth of Bitcoin begins, the Altcoins will not grow, because investors will see the growth of bitcoin and try to jump into the outgoing train.. Look at the example of last year.

[toolsydas]

The price of Alts depends on bitcoin. If Bitcoin ETF will be approved, a lot of new investors will support Bitcoin, this may cause the growth of altcoins too.

[Cryptomilz]

ETF applications if approved will bring a lot of liquidity into the space and it will see the price of BTC skyrocket and without doubt, it will result in a bull run which will in turn affect altcoins as the new entrants into the space will also want to try out other coins in the market