Topic: After the Ethereum ETF(s), which altcoin will be next? (Read 597 times)

I have missed some news about potential altcoin ETFs:

- Canary Capital has filed a S-1 for a Litecoin spot ETF in the US.
- There are also three applicants for a Ripple (XRP) ETF: Canary Capital, 21Shares and Bitwise, see here. (Spanish)

Under the Trump administration there is maybe a higher likelihood that one of these will be approved, see also this Bloomberg article.

So in the US, we have now applicants for Solana (in the US and in Canada by 3iQ), XRP and Litecoin (only in the US).

The Brazilian Solana ETF is trading since August 29 (Spanish) under the ticker QSOL11 at B3 Exchange in Sao Paulo.  So technically we now have a winner for this thread, although I'm not totally sure if it's a spot ETF.

I'll keep the thread open so we can speculate here which will be the next US altcoin ETF. The poll was renewed.

Maybe with the meme hype coming down from SOL and going to TRON and TON, they will come up with something else to surprise us

In my opinion, SOL will make progress in the future, although there are doubts about achieving it, but over time, success can happen at any time, especially good performance is needed, from all sides, and ETFs with their different uses are an option.

Well, demand for privacy coins is there definitely, if you follow the developments at exchanges like Exch for example, where they had to increase the fees for BTC -> XMR exchanges because otherwise they run out of Monero. As discussed in the Monero thread, XMR was a very good investment if you bought it just after the delisting at Binance. It was at $108 and now it's at $160 again. In the past months only memecoins offered a better return, and often not even these.

So the idea for such a "DeFi Monero product" would simply be that there may be investors in countries where exchanges are not permitted to offer Monero who want to follow its price. They could then buy a "pegged Monero version" on Ethereum or another chain. As this "pegged XMR" would not have any privacy coin features, they would not be affected at all by the regulatory restrictions.

In theory I could even imagine that a Monero ETF could also be interesting for real-world financial companies in countries with less strict regulations. For exactly the same reasons as those I mentioned for a "DeFi synthetic XMR": allowing people to invest in a "hot" coin who don't want to have to reccur to overseas anonymous exchanges or P2P. In the US or Europe, however, I think this is delusionary

On Ethereum? You mean a tokenized version of privacy coins, right? I don't think such a thing will be a big hit. Especially when there's little demand for privacy coins. Making a tokenized version pegged to the value of on-chain XMR or GRIN is not feasible, imo. I mean, what kind of privacy does the Ethereum protocol have? If ETH had ZKPs (Zero Knowledge Proofs), it would have been another story.

Point being, there is (and will never be) no need for spot ETFs of privacy coins. I think after Solana ETFs get the "green light" from the SEC, Litecoin ETFs will come up next. LTC used to be marketed as "Silver to Bitcoin's Gold". So it should only be a matter of time before BlackRock and similar companies show interest in it. I guess "Wall Street" decided to take crypto very seriously. As long as decentralization emerges victorious, nothing else matters.

I'm not exactly happy about it, but it is to be expected, taking into account the way the current economy works. Financial institutions will always try to profit from attractive assets, so they will happily try to sell you financial products based on them. We can't do much to prevent that.

I would not like that a really large supply (let's say 20% or more) of all BTC or other decentralized coins. However, for me there are some differences regarding the type of financial product.

In general, I've a more favourable opinion about spot ETFs, because of their well-known advantage that legally the investors are the owners. Spot ETFs have a relatively low potential for the issuers to manipulate the market, as they are not only heavily regulated, but also sell a product which is almost identic (with the exception of fees). So if one actor misbehaves, it is likely that the investors will simply change to another ETF. Additionally the risk for a crypto crash triggered by bankruptcies is lower than with ETNs and other ETPs.

I have already written in other threads that I see no inconvenience thus for these products to exist as long as spot ETFs are the most popular ones and the supply owned by them is only a relatively small fraction, and as the "core values" of Bitcoin (above all), like censorship resistance, are respected by the community. No ETF issuer will then be able to manipulate the chain. (With governments, the story is slightly different imo).

It's also true that in the case of coins with a heavy premine like Solana, there is already a financial institution who owns a really large supply of their coins: often it's called a "Foundation" or "Association". It's basically a bank managed by the owners. So in the case of these coins, financial products paradoxically can contribute to decentralization, because they create some more strong actors or holders, diminishing the absolute power of the founders a bit.

In general I agree. But I could imagine synthetic DeFi products like a "Privacy coin ETF" (Monero + Dash + ARRR + Grin etc.) on Ethereum or so. Of course these are not regulated, at least for now, so they're OT here

Solana will be the next coin that will attract institutional investors. If Ethereum ETFs prove to be a huge success. Just you wait and see. Afterwards, "Wall Street" will pursue an XRP ETF, a Litecoin ETF, and so on. These investment products are a great way to help attract huge capital into crypto assets. But terrible for decentralization, imo.

Are you okay with idea of big financial institutions holding a large portion of the circulating supply? If so, then you're not into crypto because you believe in its potential to change our world for the better (by eliminating the middleman). You're in it just to get filthy rich. I'd say around 90% of the people have this mindset. Money goes above all else. At least, we know good coins like Monero and Grin won't have an ETF. Why would they? After all, governments don't like privacy coins. This will serve as an escape route from ever-increasing centralization in crypto land. Wishing the best of luck for ETH and the likes.

Well, we have very likely a winner, and it's not exactly unexpected: Solana yesterday got its first ETF approved!

It's however not in the US, but in Brazil. Will be issued by a company called QR Assets and trade on B3 exchange.

When trading will start is still not sure, because the B3 exchange will still have to approve the product. So in theory still another coin could win the race, perhaps in a country with a faster approval process, but it's unlikely.

More info in Brazil’s Securities and Exchange Commission Approves Solana-Based ETF

Some will ask: why Brazil? Well, Brazil was actually one of the first countries approving ETFs for cryptocurrencies, since 2021 Bitcoin and Ethereum ETFs from issuer Hashdex are trading there.

However, they seem to be not spot ETFs in the US sense, because futures can also form part of the assets, so probably the Solana ETF will also not be a "pure" spot ETF.

I largely agree, however the ETFs in the case of Bitcoin also drive interest of "everyday people" into the crypto space again, like one can see for example in a Google Trends query that in early 2024 when the ETFs in the US got approved, the search interest for "buy bitcoin" was much higher than normally.

My general opinion is that the ETF influence is neutral. They benefit "Big Money" more than the Average Joe, but on the other hand, Average Joe got another opportunity to enter the crypto space relatively early due to the way the "attention game" works. And financial products in general tend to benefit the elites, not the Average Joes, so the Bitcoin ETFs are nothing special either.

It's interesting to speculate what could really happen in this case.

On one hand, you already have some Solana-based financial products. The ETC Group Physical Solana is perhaps the closest one to an ETF, and I don't remember hearing news about them halting the trading when Solana had outages.

But on the other hand, an ETF legally has to be always 1:1 backed as the coins are the property of the customer/investor, and thus in these situations they probably can't offer new shares, at least if the outage takes more time than a few hours. While the ETC group product also advertises itself as being 1:1 backed, the coins are property of the custodian, not the buyer. So legally I imagine it's easier to simply continue to offer the product to new buyers and taking the risk temporarily.

Of course it's possible that Solana fixes its problems until this ETF is approved (if it is) in 2025 or so. But it's a risky move, I agree.

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Regarding the question of the poll, currently there are no other news about other altcoin ETFs. All "news" about Ripple, Doge, LTC, Chainlink and so on I have reviewed are pure speculation.

"Wall Street" knows what game it's playing at. After all, crypto is where the money is. First it was the Bitcoin ETFs, then the Ethereum ETFs, and now Solana ETFs. Institutional investment companies will then move on to Litecoin, Ripple (XRP), and other cryptocurrencies with a large market cap. Does it really matter what they do? Who will ultimately benefit from this move are the "Elites". Not everyday people. In fact, ETFs will make crypto more centralized. Institutions will now hold most of the circulating supply, allowing them to manipulate the market as they wish.

You can bet Solana ETFs will be a major disaster if another network outage takes place. Trading will halt for a while, resulting in a temporary plunge in market price. VanEck should've waited until Solana was stable enough to make its move. But money talks, right? If by any chance developers fix Solana's inherent issues (which I doubt), then nothing should stop the coin from going to the moon. It survived the FTX crash, so anything's possible. Let's see how big of a success Ethereum ETFs will be. If all goes well, altcoin season will arrive faster than we've thought.

Ngl, LINK ETFs are not coming anytime soon. A month ago, my stance on Solana etfs were net negative but now that I think of it, it certainly can get there. Sometime this year, solana was comfortably sitting as the 3rd most biggest crypto and for a project with many big players and  millions of users, it might get the chance even if I doubt it. Imo, the next altcoin ETFs are going to come much later; down the road. Solana, LINK, and others are just not ready yet.

Quick question: Do you think SEC will approve Polkadot ETFs now that some details have been revealed about how the polkadot treasury is getting squandered? That's what I thought. Solana too has its problems.

I think this condition gives a positive sentiment but they still have control over it with the crypto ETF outflow continuing of course there is a lot of speculative pressure if there is pressure on the SEC, I think Solana has the potential to go there because between SOL and ETH which is likely to give Injection of funds with short term and it provides space although there is a price appreciation zone but it is attached to it but I think Solana will do better in the future.

Some of the asset managers have already submitted for SOL ETF and i am pretty sure it is only because they wants to be the first mover. I really doubt that SOL ETF will be approved. In my opinion, LINK is the suitable candidate for the possible ETF approval after ETH. SOL's demand and volume is fake mostly. On the other hand Link is going to be the universal gas token for the tokenized industry. If SOL ETF got approved other layer 1 like DOT, TON, KASPA can be the next candidate.

Arguably the growth and innovations in solana does justify the ETF and compensate for its weak point like the one probably you mentioned, there has been many cases where solana is having power outage, but i suppose there's ongoing solution already being tested.

what entice me is the recent implementation of Solana's blinks (https://solana.com/docs/advanced/actions) which allows user to trade solana token from their social media, though it can be double edged sword, but they are rather adamant in pumping out innovations it seems, so some big companies sees the positive thing in that is to be expected. also, the fact that solana is the coin that gained massively in the early bullrun means it is a good enough coin to attract investor, this probably the key reasoning why these companies willing to file ETF for solana. I mean if compared to other altcoin, it does make sense doesn't it? the only coin that's above solana in term market cap that got no ETF yet is BNB yet this coin always being called out as centralized and owned by binance, so there's no possibility of ETF for this coin and the next best option is SOL.

I am not sure if SOL would work though, feels like it is not going to end up working all that much. Don't get me wrong, it may not be all that crazy to speak but at the same time we are talking about something that will get some time to adjust. SOL is a bit more centralized, and there is a team that can freeze it anytime they want, which they have done before.

I do not know if there should be ETF of something that is heavily centralized like that. Sure they do not revert or anything or steal, but they still have some control over it and I dislike that idea in an ETF. I do not mind it when it is crypto, I can buy SOL directly to invest, but when we are talking about getting an ETF of it, I feel like that is not a good idea.

There are news for this thread:

Today, VanEck filed for a Solana ETF in the USA.

On June 20, 3IQ filed for a Solana exchange traded product in Canada, but it seems to be an ETP, not a spot ETF (so investors have an additional counterparty risk).

This does not mean that we have a winner though. Technically not even the US Ethereum ETFs are completely approved (although the Hongkong and Bermuda ETFs are).

PS: I wonder what happens with an ETF if Solana network collapses.

Bitcoin and Ethereum happens to be the most popular coin in the crypto space.And currently Ethereum is the leading altcoins,and your question is,After the Ethereum ETF(s), which altcoin will be next?I think Solana and BNB,the coinmarketcap has listed it that these two coins also have potentials but not as Bitcoin and Ethereum.Most Bitcoin enthusiast may want to invest on altcoins and if it's not Ethereum, Solana and BNB they don't see any other altcoins worth investing because they find these three altcoins reputable and trustworthy.

I would say 99%. As I wrote in the first post, the 19b-4 filings from the Ethereum applicants are approved, which do however not register the definitive financial products (the ETFs themselves) but authorize rule changes for the exchanges where they will trade.

But the S-1 forms, which register the product (ETF) itself, should be approved at most in a few months, more likely in a few weeks. Here there's some speculation about a potential date (Bloomberg expert Eric Balchunas says it could be around July 4).

The Ethereum spot ETFs in the other countries (Bermuda, Brazil and Hong Kong/China) are of course already trading some time, so the thread title is not wrong

I dunno if it's really about "negative"/"positive". It's the interpretation about the Howey test applying to ETH or not. Here's a quite good article with a bit of depth, arguing that the ICO ETH tokens may have been "securities", but as now ETH has become an utility token and the ICO is long over, this does no longer apply, and PoS in the opinion of the writer doesn't change that. So this does actually not mean that you can now launch a new crypto ICO and then it will magically escape the "security" categorization. ETH has only chances to escape it because the ICO was long ago.

There's of course a lot of speculation if there was political pressure to the SEC of course but there's nothing proven afaik. There's also still the theory that the S-1 approval could be delayed several months until the SEC concludes the investigation if ETH is a security or not, but I think this possibility is quite low.

I think there will be a possibility for the Solana ETF to be approved after Ethereum but remember that ETF approval takes a long time like that of Bitcoin and Ethereum in which Bitcoin ETF has been approved but it becomes possible after a long period.

Solana is getting more and more successful and is considered more successful after Bitcoin and Ethereum so in my opinion Solana has greater possibility for ETF approval. Solana has been performing well for a long time and its success is real but many people are still in doubt about Solana success so it is a personal matter but I think Solana will become better in the future.

It may not be a robust Blockchain, but it's still the top smart contract platform after Ethereum. Investors are interested in Solana, despite its inherent issues. With the upcoming Firedancer node upgrade, network outages will become a thing of the past. At least, that's what the community hopes for.

As for XRP, I think it'll have a high chance for an ETF approval now that the doors were opened for ETH. The latter was often flagged as a "security" by the SEC. If it got the green light from the regulating entity, what makes you think the same won't happen with XRP? If giants like BlackRock and VanEck show interest in XRP ETFs, I don't see why it can't happen in the first place.

And Litecoin is as close to Bitcoin in terms of economics and network structure (often named "Silver to Bitcoin's Gold"). So the cards are on the table for a possible ETF approval in the US. I know LTC isn't as active as other blockchain projects, but it's still one of the fastest and cheapest cryptocurrencies in the world. Its latest addition is the Mimblewimble privacy protocol. People haven't noticed it's true potential yet. But they will sooner or later. Just keep buying, and holding, and forget about the rest.

      Is the Ethereum spot ETF 100% approved? Isn't it like Gensler is still negative here on ETH? It seems like he was forced because right now his acquaintance with ETH remains,
which is something that is still negative on his part.

     Now, regarding the question of which crypto will be next in the spot ETF, I have no idea at the moment, so let's let time decide on that matter, although all of those are really
potential in the long-term.

I agree somewhat that the Solana outages are a factor which could influence a potential ETF approval. However, it's one of the two top coins (together with LTC) regarding adoption by other ETP (not ETF!) providers, at least for the market potential this doesn't seem to be the case. However, it could generate doubts for the authorities to consider it really a decentralized cryptocurrency.

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Some external opinions from recent weeks/months to help those who still didn't vote

JP Morgan casts doubt about SEC approval of Solana and other crypto ETFs

(Summary: They think the SEC will maintain its policy that almost all altcoins besides BTC and ETH are securities, until specific legislation is passed.)

Ripple CEO Expresses Support for XRP ETF as Standard Chartered Forecasts 2025 Launch

(Summary: Standard Chartered, a British investment bank, thinks that it's realistic that until 2025 a XRP ETF will be approved, maybe also a Solana one. I think they're referring to the US, although of course being an UK institution the statement could also be referred to Bermuda or Guernsey where the "British" ETFs trade.)

Expert Insights: Evaluating the Likelihood of Approval for the Dogecoin ETF

(Summary: Crypto trader Andrew Kang thinks there's about 30% of likelihood of a Dogecoin ETF in the US, also because of its decentralized nature. This is already from March though.)

Is Litecoin Next? Proposed ETF Could Bolster Crypto's adoption

(Summary: Charlie Lee believes that a LTC spot ETF would be approved. Well, not so surprising actually )

Actually I think after the ethereum ETF solana and bnb is likely to be the next due to their marketcap, bitcoin has the highest marketcap followed by ethereum and after ethereum solana and bnb is the next in line. Moreover I think their marketcap is what determine the coin that will be next after ethereum, however in terms of popularity I think solana is next to ethereum but in terms of market cap I think after ethereum bnb is the next.

It is because that's the trend and hype today. The institutions have joined the game and it's not just the only possible next etf that we'll see.
There's XRP, BNB, and the list continues. It's not about their robust ecosystem or whatnot, it's the matter of how much money and market cap it has got.

Why would Solana get an ETF? Their ecosystem isn't robust enough. Even their DeFi ecosystem is even lower than a Layer 2 on Ethereum. I know Solana has come a long way as a project and has achieved great things as an ecosystem but it's still far from mature and I don't think we would be gettingaby more ETFs approved in the near future. I estimate at least six months or most likely over a year until we'll see more ETFs being approved for crypto.

XRP? Same XRP that has a court case with the SEC and is still not in a good legal standing?

Litecoin is not a top tier crypto project anymore. I reckon it would be lower on ETF prospects.

Obviously, the Solana ETF will come up next. Many industry players are already taking about this. After all, Solana is as close to Ethereum as it can be in terms of popularity and mainstream adoption. Once Solana ETFs are approved, I think an XRP ETF will come up next. Lets not forget about a Litecoin ETF, too.

Each approval will have positive effects over a coin's market price. At least, in the long-term. What I want to see is how well will these crypto assets perform in comparison to others. I'm talking about the ability to handle large network load, etc. If Solana's network outages persist, investors will move away to other chains. Money talks, right? Hopefully, the ETFs won't move crypto away from its original purpose.

Just to remind you all: The poll is not necessarily about the next ETF approval in the US / by the SEC. It's about an ETF approval in any country. Your argument is very US-specific, but of course it is very possible that the US will be the place where the next altcoin ETF is approved, just because the SEC has demostrated that it has abandoned the "only Bitcoin (and maybe decentralized coins) are not securities" policy.

There are however other good arguments against BNB, like that it's too dependant on the exchange Binance. Apart from stablecoins and tokens, which are not part of this poll, it's clearly the most centralized one of the top altcoins.

I don't think that's a good argument. First, older and established blockchains should be careful with adopting too many novelties. The blockchain space is already quite mature and I think you could say the same thing about most other coins too - there are gradual improvements of course, like improved efficiency, but no major breakthroughs (at least in L1s). Second, LTC follows the Bitcoin development closely, and the MWEB tech incorporated into it in 2022 is a very important improvement, about as important as Taproot for Bitcoin or the PoS upgrade for ETH.

The most obvious one is Solana and won't be surprised if there is announcement that someone has submitted an application for it, Polygon and Avalanche also has potentials to be the next one but my vote goes to Solana. $BNB tokens should be the next but with US throwing everything against Binance, BNB won't be in their good book for now

It looks like the options you presented are quite interesting and delicious. Recently, SOL has also done quite well if we pay attention to its price movements and it is seen as being able to survive and quickly return to its initial price, even though it is not yet at its maximum. For BNB, I think this has the greatest potential after the increase in ETH in the near future.

Whether it's SOL or BNB first, it will be very interesting to watch the movements of both of them and others this season.

I will also go for Solana, BNB and Doge, this are the ones i have feelings on to make a new turn for market profitability, there is no high risk in making investment on them and they could be the next to first consider after Ethereum spot ETF, they are all coins that have been seen with future benefits on investments, but i don't think any of them have yet as at now applied for any, maybe anytime soon.

I think that Solana and BNB have a great chance of having their ETF launched on the market compared to the others... Just Binance's cooperation with the authorities recently shows that it has a strong inclination to follow what the regulatory bodies want... therefore It is a natural path over time to have your EFT launched.

The crypto community has already classified the top three 3 cryptocurrencies in the ecosystem. The first one is bitcoin follow by Ethereum and the third one will be the BNB and probably the fourth one might the dogecoin. And as others have said it is the marketcap and the population of the project will determine the next one to be accepted by SEC and not because it is a cryptocurrency. But for now Solana has not gotten the need population so they will still wait for sometimes.

Who else if not the coin is CZ. Yes. BNB will always get a third turn in terms of price increases and rarely precedes ETH. The year a few years ago was also the case. I have been following it and it is very predictable.

For the duration and when is the time that we cannot be sure clearly and most importantly just prepare for the future in BNB, after BNB maybe ADA will follow. Hopefully BTC will get better in the future and everyone can also go up.

Are you joking or what? Can you break down what things that you think shall become reasonable reasons to list XRP as ETF rather than ethereum? It sounds non sense to list a coin that has no utility like XRP. ethereum being listed as ETF with a reason.

I would rather trust blackrockor even vaneck with their ETH etf. They aware if XRP was a garbage coin. This is why it's not fulfill the requirements to be launched XRP ETF.

SEC won't even approve it.

Ethereum really shouldn't have gotten an ETF.  BTC made sense, but not ETH, not anything else.  XRP, as much as it's more of a reasonable choice than ETH, and as much as I would like to see XRP, I just can't see any reason why they would.

Litecoin, no. XRP, maybe. Litecoin have had no major developments in years, XRP still has some regulatory hurdles. Despite the hype solana currently has, it's going to take a long time before it can get it's own ETFs. Their ecosystem still has a lot to prove tbh that it's not just a chain for pump and dump memecoins. My opinion is that it's going to take awhile before we start seeing new ETF buzz for another altcoin after Ethereum. It won't be anytime soon.

Solana and Litecoin are the best options at the moment. But I personally like Litecoin because it is an old coin and I have almost no problems whenever I make transactions with Litecoin. But I will include Cardano as the next ETF approval because Cardano is a very good project and I see the Cardano team has done some network development.

I think sol will be the next that will get ETF approval just because it has so much similarities with ETH and as we all know it solves the problem of congestion that ETH has got through and they have failed to solve it but SOL has done it.

So the layer 1 and layer 2 projects have also being launched to solve different problems and give appropriate solution's. It seems very close that it's ETF approval is near.

I will say Litecoin and... I hate to say this, but I think XRP has a potential.

Litecoin always being treated like second best coin after Bitcoin, even though it's not that popular, but it's safe.

While XRP is really centralized and banks friendly, since ETF is a government's product, so they can easily approve XRP since the coins are in their control.

Many people voted SOL, but I doubt with it, SOL is only popular recently, it's kind of hype.

Although BNB is fourth biggest market cap coin, their market cap can be so high due to Binance, if the exchange fall, BNB will become worthless, so it's risky for government to launch the ETF version.

I am not sure how active BNB is anymore because the noise in cryptocurrencies today is coming from the Solana community. So I assume Solana would make it up there before BNB. However, both are interchangeable. It could be BNB first too. But for the other alts to list there, I have no clue if they will ever be ETFs.

I think the next ETF will be Solana, Binance token still has no chance of entering the ETF spot because CZ is already in trouble with the SEC. Meanwhile Solana is quite adopted at the moment and has the opportunity to shift Binance's capitalization

There are two probables as per my understanding the first one is Litecoin and I am not sure why its name in not in the top on the poll. Then next will be Solana but I am certain it will face same issues like Ethereum did. Litecoin is more likely to get approved first as it's a fork of Bitcoin and then most likely Solana. I doubt any others on that list will have thier ETFs approved before the bull run.

SEC is already losing its hold on crypto, CFTC may replace them in regulating the crypto market. if institutions such as BlackRock, Vanguard and all the rest are going to have to file ETF before the bull run season continues, i think they will only be filing the altcoins they have invested a lot which XRP, LTC and ADA may not be among them.

LTC is possible but i think the project is already abandoned by the whales since the ETH head already taken over the 2nd place which the Silver in crypto.

I think SOL would be a great addition to having an ETF but it might not be as soon as I think it will be knowing that it's just the start of cryptocurrencies being an ETF. It's important I think for the approvers of this to have studied it first and see if it's worth it to have more ETFs and if the currency is good.

I'm just thankful that it's being accepted and money from a lot of people can have the capability to add to the market cap of cryptocurrency.

Your optimism surrounding LTC, XRP, SOL and ADA is well founded given thier historical strong positions in the market. However, I am a bit skeptical about XRP due to its long standing legal issues with Security and Exchange Commission (SEC), though there is hope for resolution in coming months as expected.

Nevertheless, speculating on their inclusion in spot ETs aligns with the current trend of accepting cryptocurrencies in the financial system.

I have faith that some altcoins will receive great attention in spot ETFs in the near future such as LTC, XRP, SOL, ADA,... because their position has basically been confirmed from the early stages. The new phase begins and grows with the development of the market. However, the verification process will take time, but we clearly have reason to speculate with the current crypto trend.

I wanted to pick XRP or BNB but both could still have problems from their past or current issues.
LTC is already an OG but it has fallen off in popularity and rankings in the last few years.
DOGE? Nah nobody will still take them that seriously even though they've gained popularity among mainstream users.

so maybe it will be SOL.

Based on rumor, after ETF Ethereum approval has two potential coins will get approval from SEC Commission are Solana and XRP coins, just rumor only and both coins try to get approval for next year on 2025. Actually I am not expected with XRP because have been stable coins since get cases with SEC Commission and looks get difficult for getting ETF approval behind their cases, I am expected with Litecoin one day later get approval from SEC Commission and give good impact for Litecoin return back to the higher price.

In my opinion, I voted for Litecoin and Solana will be next altcoin getting approval but still need time waiting around one or two years later behind how Ethereum and Bitcoin taking more longer time before approving.

I think it would become like a trend wherein eventually all the top Altcoins will end up in spot ETF. When it started with Bitcoin we were little bit hesitant whether it would go through or not but to our surprise it went well and I wonder how it's going to play. When most of the coins go through the same route? Will all the Altcoins have crazy surge in their value? I think it would this might be an conflicting event during bull run which will turn into positive event for us this increasing the value of Altcoins. I cannot name pick any other Altcoins but would say top 10 Altcoins would be the next ones to go.

I share your view about Litecoin, being considered ahead of the rest, because of it's similarities with Bitcoin, but then there are ofcourse other criterion that sec considers before approving ETFs. As for memecoins, like you said, because of their volatility and no use case, might be against them, but you never can tell with dogecoin, it is an exceptional memecoin. My top pick would be Litecoin, Solana and BNB.

Ethereum has already got its spot ETF approval two days ago. Regarding your question of " which coin will be next', I already voted for Solana which is my favorite coin and it is the most suitable candidate in my opinion for next spot ETF approval, considering its  potential to attract investment consistent technological advancement and low transaction fees, thanks to its high speed network.

i heard SOL is already in the minds of the big investment companies. but it looks like NEAR is coming already since Grayscale has already made a step forward by launching Trust for NEAR.

these are the 2 potential in the coming months to a year. if there is a project to invest i guess NEAR would be the best to go to. although this isn't something that you'd go for decentralization but its the way to make money.

OK, I have now voted for Solana, Litecoin and BCash.

This is based on the following criteria:

1) Number of existing financial products. I maintain a list (which is probably not complete) of regulated altcoin financial products in the German subforum, which lists all altcoin products I know on somewhat regulated exchanges. The following is the number of products that already exist for each coin:

- Solana, Litecoin - 4 products
- BCash, XRP, Chainlink - 3 products
- Polygon, Polkadot, Cardano, Uniswap, Decentraland, Tezos, Cosmos, Stellar - 2 products

2) Why BCash and not XRP or Chainlink?

I believe both BNB and XRP are too centralized to be considered to get a status similar to a "commodity" in most countries. Chainlink seems relatively popular on existing derivative exchanges, but it is not in the most popular 15 cryptocurrencies according to Coinmarketcap. Thus from the three altcoins with 3 existing products I chose BCash, even if I don't like that coin.

I pick BNB and SOL. We know that the possibility of making any other altcoin an ETF after Ethereum is approved will be determined by the market cap of that coin, which arises from the number of investors in the coin. Binance Coin (BNB) and Solana Coin (SOL) have wide popularity in the crypto space, and the market cap is also very large compared to other altcoins, so I think that the two coins that I chose will likely get approved. 

There are many altcoins in the crypto market but it makes it a bit difficult to decide which altcoin is best after approval for ETF. For this you need to consider the market well there are many shit coins in the crypto market that are trying to show good position but all will never be good many coins will be scam. Volatility in the altcoin market with bitcoin rising, I see Ethereum and BNB in good position after ETF approval.

There is no assurance that whatever I voted for in here would actually get an approval for etf however I must say we or rather the sec should be careful with approving etfs. This might influence how the general public perceives and reacts to cryptocurrencies. Legitimizing shitcoins would not be a very good move, in my opinion.

I am okay with bitcoin and ethereum being the only ones with etf at least for now.

As of now, isn’t litecoin the only one being actually considered for etf approval? I have not heard other coins being considered by the sec to approve for etf. I don’t think memecoins would be considered for etf despite having good performance. They are still very volatile and sec might take that into consideration. Although obviously anything can change especially we are currently in a bullish market situation and many coins are expected to rise which can attract attention from the general public and sec.

Getting into an ETF certainly won't be easy, Altcoins have price developments depending on the project being developed. It's possible that no one will enter the ETF anymore. I'm more confident that only Bitcoin and ETH will make it into the ETF. As for the others, I doubt it.

IMO, you classified it rightly because the ones that are on the radar of many are going to be with Solana. There is no reasoning for that but the status that it shows on the current market ranking is the factor why it is likely going to be the next one that these institutions are going to apply for another etf. And for XRP, is it gonna be likely that it will be approved when someone applies for it when it has got some cases before against SEC?

The ETF seems to be following what is mostly in demand. Bitcoin is the default cryptocurrency people know and Ethereum is the another crypto or altcoin people know. Not only are they the most popular and talked about, they are also the top 2 largest trading crypto. Bitcoin and Ethereum has a very high trading volume.
Considering popularity and trading volume, the next two are Solana and Dogecoin. But it's still more than 5 times less than Bitcoin or Ethereum. It might take time but the next ETF likely are Solana and or Dogecoin.

The marketcap of a coin would be what that is used to determine which coin will be the next. So I guess either Binance coin or Solana will be the next. Btcoin and ethereum have over $100 million marketcap with Bitcoin having over $1.35 trillion and ethereum having almost 450 million. Only Binance coin and Solana are close to $100 million while the next which is ripple is not up to half of any of the two in marketcap. But the market can change and favour unexpected coin to take over Binance coin or Solana which can make my guess not to be accurate.

Ethereum is very close to get a spot ETF in the United States [1], and actually there are Ethereum spot ETFs already in Bermuda, Hong Kong and Brazil.

The question is now: Which altcoin will be next? All participants ofthe poll have up to three votes. I limited this poll to the 15 more popular cryptocurrencies as of the Coin category of Coinmarketcap, excluding tokens and stablecoins. (There may be a minimal chance that also some tokens could get ETFs but I think it is quite small.)

Any countries are valid, so if for example you think a crypto-friendly country like Bermuda (actually not really a country but an UK posession) could be next to approve these products, then chose the cryptocurrency you think is most likely approved by that jurisdiction.

To not influence the poll result, I will give my reasoning for my selection after some people have already voted. Enjoy!

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[1] 19b-4 filings were recently approved by the SEC, but they're fully approved and can start trading only when the S-1 filings are approved.