#Analysts Mention 10 Altcoins Expected to Launch ETF Next October
The crypto market is expected to witness a wave of Exchange Traded Fund (ETF) altcoin issuances next October, provided that it receives approval from U.S. authorities. Crypto analyst, Gambardello, estimates that only 10 altcoins currently meet the minimum requirements.
The main requirement mentioned is that the altcoins must have futures trading for at least six months in a market licensed by the Commodity Futures Trading Commission (CFTC).
Based on these criteria, the identified altcoins that qualify include: Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Chainlink (LINK), Stellar (XLM), Avalanche (AVAX), Shiba Inu (SHIB), Polkadot (DOT), Solana (SOL), and Cardano (ADA).
This significant potential arises after the Securities and Exchange Commission (SEC) approved new rules for ETF products. This new regulation relaxes the requirements, allowing more qualifying digital assets to be traded on U.S. exchanges, paving the way for innovation in crypto investment products
