📣 Attention, crypto community! With SEC approval for Ethereum-based funds, there are hopes of launching ETFs for other leading altcoins, including Solana. 🚀

- A spot ETF is a tool that allows stock exchange participants to invest in digital cryptocurrency without physically purchasing and storing it.

- After purchasing shares of a spot ETF, the investor receives a share in the fund, which represents a certain amount of cryptocurrencies in their real form.

- At the end of 2021, the SEC authorized the launch of Bitcoin ETF futures, and in January 2024, it approved the first 11 spot Bitcoin ETFs.

- The next step could be Solana-based ETFs, but this is still subject to regulatory approval.

👇 Discuss in the comments, which altcoins do you think could be the next candidates for their spot ETFs?