Emre Yumlu 
The crypto market is increasingly confident that spot altcoin ETFs will eventually receive approval. The key question now is not if they will be approved, but rather which projects will be first and when the green light will come. Bloomberg ETF analyst James Seyffart has recently shed light on this debate with his latest remarks.
All Eyes on the SEC For Altcoin ETFs
For crypto investors, the launch of altcoin ETFs has long been one of the most anticipated developments. Despite the SEC’s historical hesitations and strict regulatory stance, industry experts suggest the agency may finally be prepared to give approval to certain well-established projects.
Seyffart’s List of Altcoin ETF Candidates
According to Seyffart, several altcoins appear to meet the SEC’s listing standards. These include Chainlink (LINK), Stellar (XLM), Bitcoin Cash (BCH), Avalanche (AVAX), Litecoin (LTC) and Polkadot (DOT). Each of these projects has proven technical foundations and sufficient trading activity to make the cut.
In addition, long-standing names such as XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE) and Shiba Inu (SHIB) stand out thanks to their deep liquidity and well-developed derivatives markets, which strengthen their positions as strong contenders.
The Strongest Trio: XRP, Solana, and Cardano
Among all the potential candidates, Seyffart singled outXRP, Solana, and Cardano as the most likely to secure SEC approval first. Their market maturity, high liquidity, and strong investor interest put them ahead of the pack.
As he emphasized: “The probability of a spot ETF launch is highest for XRP, Solana, and Cardano.”
Ethereum ETFs and the Role of Staking
Seyffart also touched upon Ethereum-based ETFs. He argued that if staking is officially allowed within these products, demand could rise sharply, creating a significant shift in investor appetite for ETH ETFs.
Signs of an “Altcoin Season”
The Bloomberg analyst further noted that the crypto market is already in the midst of an “altcoin season.” However, he warned that this cycle is not identical to previous ones and stressed that altcoin ETFs are unlikely to generate the same level of market impact as Bitcoin ETFs did.
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