Crypto Analyst Predicts Likelihood of Altcoin ETFs: Solana (SOL) and Chainlink (LINK) Have High P...

Cryptocurrency analyst Quinten has shared his insights on the probability of various altcoins seeing ETF filings. He also shared the coins that could see potential approvals within the next year. This analysis comes at a time when VanEck has filed for a Solana ETF.

Tier-Based Probability Assessment

Quinten has categorized major altcoins into five tiers based on their likelihood of ETF development:

Very Likely

Solana (SOL)

Chainlink (LINK)

Likely

Toncoin (TON)

Avalanche (AVAX)

Dogecoin (DOGE)

Possible

Litecoin (LTC)

Polygon (MATIC)

TRON (TRX)

Polkadot (DOT)

Unlikely

Cardano (ADA)

Shiba Inu (SHIBA)

Uniswap (UNI)

Not Going to Happen

Bitcoin Cash (BCH)

XRP

Binance Coin (BNB)

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Show more +Show less – Factors Influencing ETF Probability

The analyst’s assessment is based on several key factors:

Decentralization level

Proximity to being classified as a security

Traditional financial industry involvement

Adoption rate

Overall reputation

These criteria provide a comprehensive framework for evaluating each altcoin’s potential for ETF development, considering both technical and market-related aspects.

Interestingly, Quinten also notes the possibility of ETF filings for baskets of altcoins. This concept of diversified altcoin ETFs could potentially increase the chances of inclusion for some cryptocurrencies that might not see individual ETF filings.

Read more: How Many Kaspa (KAS) Do You Need to Become a Millionaire?

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