Ethereum ETF Could Pave the Way for Solana and Other Altcoins!

An approval for the Ethereum ETF will pave the way for other altcoins, Eric Balchunas said.

Bloomberg's senior ETF analyst Eric Balchunas drew attention with his X post dated July 15. Arguing that the US spot Ethereum ETF will pave the way for other altcoins, the analyst noted that the wall is finally about to collapse.

There will be flows after Ethereum launch. Then I'm sure Ethereum products will be included, then Solana.  It probably may not end. The wall collapsed.

Balchunas recently said that the spot Ethereum ETF launch could take place on July 23.

On May 23, the U.S. Securities and Exchange Commission (SEC) approved issuers' form 19-b proposing rule changes that would allow crypto-based investment vehicles. Asset managers are now awaiting approval of their securities registration S-1 forms.