Top 3 Cryptocurrencies That May Hit New Highs After ETF Approval
Cryptocurrencies have entered mainstream finance after years of being shoved off. The approval of Bitcoin (BTC) and Ethereum (ETH) ETFs in the US last year opened the doors for crypto assets to enter big financial institutions. The market has seen a surge in institutional money since the approval of 11 spot BTC ETFs last year.
Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion
Cryptocurrencies Slide Amid Volatility
BTC climbed to a new all-time high of $111,814 on May 11. The original crypto has since dipped to the $109,000 price level. BTC’s recent surge was likely due to a spike in institutional investments. BTC ETFs have seen many billions of dollars worth of inflows over the last few weeks.
The cryptocurrency market rally has slowed down this week. We may see another rally when retail investors begin buying.
Also Read: Top 3 Cryptocurrencies Projected To Rise In The Last Week Of May
The crypto market may also see the introduction of several new ETFs this year. The SEC now has a pro-crypto head. There is a high chance that the SEC will approve more cryptocurrency-based ETFs this year.
Top 3 Cryptocurrencies That Could Hit New Peaks After ETF Approvals
1. Ripple (XRP)
Ripple’s XRP token has several ETF applications with the SEC. The fintech company’s lawsuit with the financial watchdog also ended earlier this year. XRP could see a major price spike if the SEC approves an ETF. The cryptocurrency breached the $3 mark earlier this year for the first time in seven years. XRP could climb to never-before-seen levels if an ETF is greenlit.
2. Solana (SOL)
Solana (SOL) is another cryptocurrency that could get an ETF in 2025. The asset hit an all-time high earlier this year in January. SOL has had an incredible run over the last few years. An ETF approval could lead to the asset reaching another peak.
3. Dogecoin (DOGE)
Also Read: ChatGPT Predicts Dogecoin Price Once DOGE ETF Debuts US Markets
There also a DOGE ETF application with the SEC. DOGE will become the first memecoin to get an ETF if the SEC approves the application. The cryptocurrency could reach the $1 mark if an ETF sees the light of day.
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Top 3 Cryptocurrencies That May Hit New Highs After ETF Approval
Cryptocurrencies have entered mainstream finance after years of being shoved off. The approval of Bitcoin (BTC) and Ethereum (ETH) ETFs in the US last year opened the doors for crypto assets to enter big financial institutions. The market has seen a surge in institutional money since the approval of 11 spot BTC ETFs last year.
Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion
Cryptocurrencies Slide Amid Volatility
BTC climbed to a new all-time high of $111,814 on May 11. The original crypto has since dipped to the $109,000 price level. BTC’s recent surge was likely due to a spike in institutional investments. BTC ETFs have seen many billions of dollars worth of inflows over the last few weeks.
The cryptocurrency market rally has slowed down this week. We may see another rally when retail investors begin buying.
Also Read: Top 3 Cryptocurrencies Projected To Rise In The Last Week Of May
The crypto market may also see the introduction of several new ETFs this year. The SEC now has a pro-crypto head. There is a high chance that the SEC will approve more cryptocurrency-based ETFs this year.
Top 3 Cryptocurrencies That Could Hit New Peaks After ETF Approvals
1. Ripple (XRP)
Ripple’s XRP token has several ETF applications with the SEC. The fintech company’s lawsuit with the financial watchdog also ended earlier this year. XRP could see a major price spike if the SEC approves an ETF. The cryptocurrency breached the $3 mark earlier this year for the first time in seven years. XRP could climb to never-before-seen levels if an ETF is greenlit.
2. Solana (SOL)
Solana (SOL) is another cryptocurrency that could get an ETF in 2025. The asset hit an all-time high earlier this year in January. SOL has had an incredible run over the last few years. An ETF approval could lead to the asset reaching another peak.
3. Dogecoin (DOGE)
Also Read: ChatGPT Predicts Dogecoin Price Once DOGE ETF Debuts US Markets
There also a DOGE ETF application with the SEC. DOGE will become the first memecoin to get an ETF if the SEC approves the application. The cryptocurrency could reach the $1 mark if an ETF sees the light of day.
Read More
Amazon (AMZN): Billionaire Bill Ackman Buys In On The Stock; Should You?