- The SEC has 92 crypto ETF filings pending.
- These include SOL, XRP, DOGE, DOT, AVAX, and LINK.
- Their approval soon could trigger the cycle’s altseason peak phase.
The SEC has 92 crypto ETH filings pending, including SOL, XRP, DOGE, DOT, AVAX, and LINK, to name a few. The recent generic ETF approval guidelines announced by the SEC have sparked expectations for all these ETFs to be approved and announced in the coming days ahead. One analyst goes so far as to say that ETF announcements will be making headlines every other day in the days ahead.
The SEC Has 92 Crypto Filings Pending
This bull cycle saw a lot of success in ETFs, the Bitcoin (BTC) and Ethereum (ETH) accumulation race only began upon the success of BTC and ETH Spot ETF services, whose success drove financial institutions to buy more BTC and ETH to meet growing demand. This, in turn, pushed BTC and ETH treasuries to accumulate the assets at a rapid pace as the value of these limited resources grew.
In return, the price of both BTC and ETH began to shoot up, driving greater accumulation from retail and whales as well. All in all, both BTC and ETH supply on exchanges are reaching lower low records and leading analysts to believe that a major supply shock will arrive for both the pioneer crypto asset and the pioneer altcoin asset. This outcome will eventually spark higher ATH prices.
What’s more, if the price of ETH will reenter price discovery and set new ATH prices of its own, then altcoins will follow suit as well. With the ongoing bull cycle’s altseason peak phase on the horizon, analysts expect this to be one trigger for the altseason explosion pump phase. Meanwhile, another reputed crypto leader draws light on another factor that could lead to explosive altcoin prices soon.
Several Altcoin ETFs Could Be Approved, Triggering Altseason
This other altseaosn pump trigger could come from a bulk order of altcoin ETF filings being approved, an expectation that has risen recently due to the SEC announcing a generic set of guidelines to approve ETF filings in bulk. This move means that ETF filings will no longer have to be approved individually, but rather in one go, based on what criteria the filing is able to meet.
According to the post and video above, this reputed crypto expert draws attention to the fact that the SEC has 92 crypto ETF filings pending. He says that final deadlines start in October with SOL, XRP, and DOGE, followed by DOT, AVAX, and LINK. He concludes by telling the crypto community to expect rolling ETF headlines each month and not to chase coin-by-coin announcements as institutions are adopting them all, ushering in a new phase of the market.
