Investment Bank Announced: Good News Will Come to Other Altcoins After Ethereum

According to analysis by investment bank TD Cowen, the approval of spot Ethereum ETFs in the US will pave the way for other altcoins.

According to TD Cowen researchers, it was inevitable that spot Ethereum ETFs would also be approved after Bitcoin.

“This happened about six months earlier than we expected… but this decision was inevitable after the SEC approved cryptocurrency futures ETFs,” the researchers said.

According to TD Cowen, the next fund could be a “crypto token basket” consisting of Bitcoin and Ethereum. Researchers said that funds could be established for other altcoins instead.

However, researchers expect the Securities and Exchange Commission (SEC) in the US to maintain its anti-cryptocurrency policies.