Bloomberg analysts: Expect the number of altcoin ETF applications to double in the next two months

ChainCatcher news, 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 mentioned that there are 14 altcoin-related ETFs awaiting approval from the U.S. SEC within the next 12 months, including funds that offer 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)