The approval of ETFs for altcoins in the US has become the next goal after ETFs for Bitcoin and Ethereum were authorized. XRP and Solana top the list of potential candidates.
Expectations for Altcoin ETFs
Following the authorization of ETFs for Bitcoin and Ethereum, similar products for altcoins are anticipated to be approved in the United States. XRP and Solana are the leading candidates likely to receive such approvals.
Success of XRP ETF in North America
Launched on June 18, the XRP ETF has surpassed $50 million in assets under management in just 23 days since trading began on the Toronto Stock Exchange (TSX).
Comments from 3iQ President on ETF Growth
3iQ President and CEO Pascal St-Jean commented: "This significant milestone for our XRP ETF demonstrates continued strong interest in XRP and the increasing prudence of asset allocation from both individual and institutional investors."
The success of the XRP ETF, along with the anticipated approval of altcoin ETFs, could alter the landscape of digital assets, offering investors new avenues for participation.
