Will the Solana, Dogecoin, XRP ETF posted-has it-does that arouse the next Altcoin season? appeared first on Coinpedia Fintech News
If you thought Bitcoin and Ethereum Ethers were tall, wait, the ETF Altcoin could bring things to a whole new level.
In his latest YouTube video, the Crypto Lark Davis analyst explains how the next ETF spots for the main altcoins like XRP, Solana, Litecoin, Dogecoin, Cardano, Su and Aptos could trigger a huge market push.
The dry showing signs of softening towards the Altcoin ETF, Davis thinks that a major change is already underway.
Wall Street wants more than Bitcoin and Eth
Lark Davis highlights four main candidates for Altcoin ETF: XRP, Solana, Litecoin and Dogecoin.
XRP has seven ETF deposits and is now legally cleared after Ripple has lowered his trick against the dry. James Seyffart de Bloomberg awaits $ 85 million on weekdays, while JP Morgan projects $ 8 billion in the first year. Analyst Zack Rector even suggests that XRP could reach $ 30, compared to $ 2, if the targets are reached.
Solana has nine ETF applications and the live FNB from Rexshares-Osprey reports growing demand. With potential yields of 8% +, JP Morgan predicts 3 to 6 billion dollars in entries, with approval probably this month.
Litecoin has three deposits and could attract $ 290 to $ 580 million, depending on its market capitalization. Davis calls him a calm but solid candidate.
Dogecoin could follow soon. Bitwise updates its application to allow redemptions in kind, allowing Swaps for Real Doge. Even the capture of 10% of Bitcoin ETF entries could bring in $ 4 billion.
[post_titles_links postid=”478551″]Second round: Cardano, Avalanche, Su, Aptos
Davis adds that Cardano, Avalanche and Hbar could be the next online, with the ETF conversions already in progress via the great confidence of Grayscale. JP Morgan estimates $ 14 billion in ETF Altcoin entries in the first year, probably a conservative figure as Momentum is built.
According to Davis, Wall Street is already positioning itself. Altcoins offer upward and lower liquidity, making them main targets. With the opening of access to ETFs, institutional capital is ready to flock and most retail investors, he warns, are still not aware.
[article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]
