Which Spot ETF is worth waiting for after BTC Spot ETF?

[MrSpasybo]

Finally, BTC Spot ETF has been approved. There is news to sell or FOMO, but long-term investors continue to hold and monitor the market. I think the market always knows how to create its own story, BTC Spot ETF is already the big story of 2023, so there is no reason for Altcoins Spot ETF to become the main story of 2024.

1. ETH Spot ETF

The SEC's recent approval of spot Bitcoin ETFs has fueled speculation that ETH Spot ETF could be next in line for approval, as ETH has never been deemed a security by the SEC. Analysts believe that ETH Spot ETF are likely to be approved in 2024, with some predictions a 70% chance of approval by May or August. ETH price spiked after the Bitcoin Spot ETF approvals, and some analysts believe that ETH Spot ETF could start trading as early as Q2 2024.

“The Ether spot is tied to the hip of Bitcoin spot for sure. It’s gonna go wherever it goes. It’s basically like on a 15-foot rope following it.”^[1]

Currently, a number of large funds have also filed a request for ETH Spot ETF, the SEC will soon have a response in Q2.

2. XRP Spot ETF

We haven't forgotten Ripple's victory over the SEC and the market knows that XRP is not a security. I believe that Ripple and their "friends" are very smart and sees the potential of XRP Spot ETF.

Experts believe that XRP Spot ETF is inevitable, while others believe that it may not happen until after the SEC vs Ripple case is settled. One executive has said that an XRP ETF could be approved alongside an ETH Spot ETF.

“XRP ETF is coming whether we like it or not. And no, it does not make XRP a security.”^[2]

I love ETH and XRP equally, and I'm a drama-hungry person so I'd like to see both of these Spot ETFs approved in Q2, right after the BTC Halving event. This will add "dynamite" to the strong growth of crypto market.

Which Spot ETF would you like to see approved next? Do you think they are important for our crypto market boom? Do you think just halving is enough for crypto to-the-moon in 2024?
[1] Spot Ethereum ETFs now have a straight shot for approval — Analysts
[2] Top Experts Say XRP ETF is Next with Bitcoin ETF Approved

[Peter90]

Which Spot ETF would you like to see approved next?

A gold-backed stablecoins Spot ETF

[MrSpasybo]

Which Spot ETF would you like to see approved next?

A gold-backed stablecoins Spot ETF

Peter, I know you will answer like that because you are a big fan of gold-backed stablecoins. I also hope that we will have more Spot ETFs in the future, although I do not know how ETF providers will convince their investors and the SEC of the need for a Spot Stablecoin ETF, especially when its value is tightly anchored to fiat