The ongoing US government shutdown has impacted the cryptocurrency market, delaying ETF approvals for altcoins like XRP and Solana. However, this slowdown may ironically lead to a surge in new crypto ETFs, according to Bloomberg analyst Eric Balchunas. He predicts over 200 ETPs specifically targeting altcoin exposure will launch within the next year. Currently, the market boasts around 155 ETFs tracking 35 different cryptocurrencies, demonstrating a growing trend for broader investment diversification. Balchunas highlighted Solana (SOL), Bitcoin (BTC), XRP, and Ethereum (ETH) as having the most ETFs, followed by Litecoin (LTC), Avalanche (AVAX), and Dogecoin (DOGE). As institutional investors anticipate SEC approval for crypto ETFs, Balchunas’ prediction further highlights the anticipated growth of this sector. This content is for informational purposes only; it’s not financial advice.