Best Altcoins To Buy As SEC Approves Major Rule Change For Crypto ETFs
The US Securities and Exchange Commission has approved generic listing standards for exchange-traded products (ETPs) that hold spot commodities, including crypto assets.
National securities exchanges such as Nasdaq, Cboe BZX, and NYSE Arca can now list spot crypto ETFs without seeking case-by-case SEC approval, provided they meet the generic requirements.
One of the key criteria is that the underlying crypto asset must have a CFTC-regulated futures contract listed on a Designated Contract Market (DCM), such as Coinbase Derivatives. Assets that qualify under this framework include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Polkadot, Shiba Inu, Avalanche, Chainlink, Stellar, Solana, Hedera, XRP, and Cardano.
Not every spot crypto ETF will record impressive inflows. However, experts anticipate that XRP, Solana, Dogecoin, and Chainlink could emerge as the standout performers, attracting significant investor attention. Unsurprisingly, these are among the best altcoins to buy now.
SEC’s Generic Listing Standards Order Unpacked
The crypto ETF season is on the horizon, thanks to the SEC’s approval of generic listing standards for commodity-based trust shares.
Under this new framework, major exchanges such as Nasdaq, Cboe BZX, and NYSE Arca can list spot crypto ETFs without waiting for the SEC’s lengthy, case-by-case approvals.
Instead, issuers need only meet a set of pre-defined criteria, the most important of which is that the underlying crypto asset must already have a CFTC-regulated futures contract listed on a designated contract market, such as Coinbase Derivatives.
Bloomberg ETF analyst Eric Balchunas projects that north of 100 crypto ETFs could launch within the next 12 months. BitWise’s Matt Hougan reveals that the number of ETF launches surged from 117 to 370 per year after the SEC approved generic listing standards for traditional ETFs.
Coinbase Derivatives could also see a wave of new regulated crypto futures products.
XRP, Solana And Dogecoin To Benefit From The SEC’s Latest Move
SEC’s generic listing standards are set to massively benefit popular altcoins, some more than others.
For instance, Nate Geraci of The ETF Institute claims that the investor demand for Solana and XRP spot exchange-traded products is highly underestimated.
He also highlights the success of futures-based XRP and SOL ETFs, including REX-Osprey’s SOL staking ETF.
Moreover, Dogecoin has a distinct image among mainstream investors, owing to its status as a multibillion-dollar joke currency as well as Elon Musk’s strong public support. As a result, a spot DOGE ETF could result in a strong buying pressure on Dogecoin, potentially resulting in a new all-time high.
Bitcoin Hyper, Pepenode Also Among The Best Altcoins To Buy Now
Bitcoin Hyper (HYPER) has quickly become one of the most talked-about presales this cycle.
Having already raised nearly $17 million in its ICO, it is being viewed by many as one of the hottest commodities on the presale market, thanks to strong whale and retail demand.
Considering it is the latest BTC layer-2 coin, HYPER is tipped as an excellent high beta play on Bitcoin, which is expected to hit $150,000 this year. It is not without reason that L2 coins tend to reach multibillion-dollar valuations.
Smart money investors are among HYPER’s early buyers, many of whom are eyeing up to 100x returns.
Meanwhile, Pepenode (PEPENODE) is emerging as another high-potential alternative with its mine-to-earn utility.
Pepenode allows users to start mining virtually, not using hardware or GPUs, but via virtual rigs, miner nodes, facility upgrades, and rewards that include not just its own token but popular meme coins like Pepe and Fartcoin. Its presale features include off-chain mining, staking rewards and bonuses from day one.
With a Pepe-themed narrative, a unique mine-to-earn utility and attractive staking rewards, the Pepenode presale has already raised over $1.2 million. Just like HYPER, many are calling it the next 100x crypto.
Visit Pepenode Presale
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