The crypto market is moving into a new phase. Many major altcoins are on the list as US regulators have approved fresh standards for exchange trade funds (ETFs). This will allow investors to shape the way they position themselves in the coming months.
SEC approval opens ETF pass
The US Securities and Exchange Commission (SEC) has approved the Grayscale Digital Large Cap Fund, which owns Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cardano (ADA). At the same time, the SEC has passed general listing criteria for ETFs across major exchanges, including NASDAQ, NYSE and CBOE.
This means that digital asset ETFs that meet the requirements will be able to move forward without the long delays seen in past filings. Approvals that once took months can take weeks.
Qualified altcoins
According to analyst Dan, 12 cryptocurrencies currently meet the SEC threshold as they have six months of futures trading in the CFTC-regulated market. they are:
- Bitcoin (BTC)
- Ethereum (eth)
- dogecoin (doge)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- ChainLink
- Stellar (xlm)
- Avalanche (AVX)
- Shiba inu
- Polka dot (dot)
- Solana (Sol)
- Cardano (there)
Cardano recently cleared the six-month mark and placed it on the edge of eligibility.
What it means for Altcoins
The total market capitalization of Altcoins, excluding Bitcoin, shows signs of a breakout after more than a year of consolidation. Ethereum remains important. If it can hold resistance close to $4,700, it could indicate a wider market strength.
However, when the Ethereum ETF launched in July 2024, prices did not rise immediately. Instead, the market experienced a period of volatility. A similar pattern could unfold again.
Conclusion
ETF approval is a strong signal for institutional adoption, but prices may not move in a straight line. The current cycle is stable, with an incorrect breakout followed by a pullback. Investors need to track weekly closures and Bitcoin domination to understand where the market is.
As ETF season approaches, the focus may remain on Ethereum, Cardano, Solana, Dogecoin and Chainlink. These coins, along with other coins on the approved list, are located in the front of this new phase of the crypto market.
