Altcoin ETF Boom: Hopes of ‘Summer’ Ignite After Record Filing Surge

The US cryptocurrency market is experiencing a surge, with over 31 applications for exchange-traded funds (ETFs) targeting altcoins, like Ripple’s XRP and Dogecoin. This follows the SEC’s approval of Bitcoin (BTC) and Ether (ETH) ETFs in the past year, opening doors for institutional investors to gain exposure to crypto markets through familiar financial instruments. The momentum is driven by renewed optimism after recent US elections, leading to new filings from companies like VanEck and WisdomTree, with more expected to be approved soon.