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 attracted 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.

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

Stay tuned for new information