Bloomberg senior ETF analyst Eric Balchunas believes that the approval of altcoin-related exchange-traded funds (ETFs) will make the crypto market 'pretty wild.'
There are currently 14 altcoin ETFs awaiting approval by the SEC, including funds for Solana, XRP, Hedera, Litecoin, and baskets of assets.
Balchunas expects the list of altcoin ETFs to triple in size within the next two months.
Although the SEC's position remains uncertain, analysts believe that the approval of Solana and Litecoin ETFs is likely.