ChainCatcher message, Bloomberg ETF analyst Eric Balchunas stated that unless a major crash occurs, the wait for approval of altcoin-related ETFs will make cryptocurrency "quite crazy."

He noted that within the next 12 months, there are 14 altcoin-related ETFs awaiting approval from the U.S. SEC, including funds offering exposure to SOL, XRP, HBAR, LTC, a basket of assets, as well as BTC and ETH.

Additionally, Balchunas expects the number of altcoin ETF applications to double in the next two months. (CryptoSlate)