ETF Negotiations Begin for a Surprise Altcoin Following Solana (SOL)

ETF negotiations have started for a surprise altcoin following the approval of Solana （SOL）. This article explores the potential impact of this development.

Points

• ETF negotiations have begun for an unexpected altcoin after Solana （SOL）.
• The altcoin in question is Ethereum Classic （ETC）.
• The process may take time, but it signifies growing interest in altcoin ETFs.

The process, which started with the approval of the spot Bitcoin ETF in January, continues with the approval of the Ethereum ETF. Now, while the SEC is expected to approve S-1 filings for spot ETH ETFs to open for trading, VanEck and 21 Shares have filed for a spot Solana ETF. While popular altcoins such as Solana （SOL）, XRP, and Litecoin （LTC） are being discussed among the altcoin candidates that can receive ETF approval after Bitcoin and Ethereum ETFs, negotiations have begun for a surprise altcoin.

At this point, ETC Grants DAO, a non-profit decentralized autonomous organization dedicated to supporting the Ethereum Classic （ETC） ecosystem, announced that they are in talks with VanEck to explore the possibility of an Ethereum Classic ETF. Sharing from their account on X, ETC Grants DAO said that it is currently in talks with VanEck about the potential launch and feasibility of the Ethereum Classic （ETC） ETF/ETN.

However, DAO noted that it may take some time to reach the ETC ETF target. “Exciting news! The ETC Grants DAO is currently in discussions with VanEck regarding the potential launch of an Ethereum Classic （ETC） ETF/ETN. This long-term goal may take time, but stay tuned for updates on this promising development!”

ETC, which ranks 26th in the CoinMarketCap rankings by market value, continues to trade at $20.9. The announcement has generated excitement within the Ethereum Classic community and highlights the growing interest in altcoin ETFs beyond the major cryptocurrencies like Bitcoin and Ethereum.

解説

• Growing Interest in Altcoin ETFs: The start of ETF negotiations for Ethereum Classic （ETC） highlights the expanding interest in altcoin ETFs beyond the major cryptocurrencies.
• VanEck Involvement: VanEck’s involvement in exploring the possibility of an Ethereum Classic ETF signifies the potential for broader market adoption and investment opportunities.
• Community Excitement: The Ethereum Classic community has responded positively to the news, indicating strong support for the potential ETF.
• Market Position: Ethereum Classic’s current market position and value underscore its relevance as a candidate for ETF consideration.
• Long-Term Goal: The process of launching an ETF may take time, but it represents a significant step towards integrating more altcoins into mainstream financial products.