After the Ethereum ETF(s), which altcoin will be next?

[d5000]

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 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!


[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.

[Charles-Tim]

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.

[Tipstar]

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.

[batang_bitcoin]

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?

[MRY]

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.

[btc78]

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.

[peter0425]

The question is now: Which altcoin will be next?

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.

[Volimack]

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.

[Dr.Bitcoin_Strange]

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. 

[d5000]

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 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.

[electronicash]

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.

[Sayeds56]

Ethereum is very close to get a spot ETF in the United States, 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 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!

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.

[Kelward]

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.

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.

[kentrolla]

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.

[Oneandpure]

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.

[Yogee]

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.

[bluebit25]

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.

[Sayeds56]

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.

[crwth]

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.

[electronicash]

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.

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.