It is possible that the approval of another altcoin exchange-traded fund (ETF) in the United States may be influenced by political changes after the upcoming 2024 U.S. presidential election.

Despite the U.S. Securities and Exchange Commission (SEC) granting permission to fund managers to list spot Ether ETFs on May 23, SEC Chair Gary Gensler recently indicated that the launch of Ether ETFs may encounter delays.

Consequently, speculation regarding the next cryptocurrency ETF has ensued, prompting discussions. Within these discussions, Solana has emerged as a prominent candidate for the next potential crypto ETF.

Amid increasing interest in altcoin investment opportunities, the success of Bitcoin and Ether ETFs has revealed a strong demand for altcoin ETFs among institutional investors. This could potentially lead to a surge in applications for altcoin ETFs by ETF issuers.

According to a report by CoinShares, a specialized alternative asset manager in digital assets, hedge funds and wealth managers have notably bolstered their altcoin holdings, with particular emphasis on the cryptocurrency Solana.

Amid increasing interest in altcoin investment opportunities, the success of Bitcoin and Ether ETFs has revealed a strong demand for altcoin ETFs among institutional investors. This could potentially lead to a surge in applications for altcoin ETFs by ETF issuers.

According to several reports, a specialized alternative asset manager in digital assets, hedge funds and wealth managers have notably bolstered their altcoin holdings, with particular emphasis on the cryptocurrency Solana.