Analysts foresee the imminent filing of new ETFs tracking Cardano and Avalanche cryptocurrencies. This comes amid a more favorable regulatory environment.
New Potential ETFs for Cardano and Avalanche
Analyst Nate Geraci has predicted that ETF issuers will soon file for spot ETFs that will track Cardano (ADA) and Avalanche (AVAX). Firms might be more inclined to enter the race due to the significantly friendlier regulatory environment.
Current ETF Market Proposals
As previously reported, there are already several altcoin ETF proposals for XRP and Solana (SOL). In May, the SEC greenlit several Ethereum (ETH) ETFs, though these products did not see as high demand as the earlier launched spot Bitcoin ETFs.
Bitcoin ETF Situation
The total net asset value of Bitcoin ETFs has now topped $100 billion in just ten months. These products have attracted $4.1 billion worth of inflows since the start of the year. Bitcoin ETFs recently attracted renewed attention due to the launch of spot ETF options.
The increasing interest in cryptocurrency ETFs and positive regulatory changes continue to expand opportunities for new products in the market. More financial instruments of this kind are expected to be introduced in the future.
