The claim that the approval of ETF spot ETF will usher in a big bull market in altcoins can be explained from several aspects:

Introducing more institutional investors and new applications: The approval of ETF will enable more institutional investors to participate in the cryptocurrency market, which will bring more funds into the market. At the same time, the approval of ETF also means that cryptocurrencies will be incorporated into the traditional financial system, providing more possibilities for the development of new financial applications and tools.

Reducing the singleness of centralized securities: By approving ETFs, cryptocurrencies will gradually get rid of the label of single centralized securities, which will help enhance the recognition and legitimacy of the cryptocurrency market. This shift may attract more investors to enter the market, thereby promoting the growth of the altcoin market.

Attract more technology-oriented investors: Unlike Bitcoin (BTC) investors, altcoin investors are generally more concerned about the development of technology and the potential of projects rather than the macroeconomic environment. Therefore, the approval of ETFs may attract more of these investors to enter the market, bringing more funds and attention to the development of altcoins.

On the whole, the approval of ETF spot ETF may mean more opportunities and capital inflows for the entire altcoin market, thereby promoting the development and growth of the altcoin market. This recognition and capital inflow is expected to inject new vitality into the cryptocurrency market and lead the altcoin market into a new stage of development.

Yesterday, the Ethereum ETF approval rate increased to 75, causing all Ethereum second-layers to explode. The community has ambushed in advance and has gained nearly 20 points so far. First-hand information, market analysis, and high-quality altcoins are available every day.