Based on CryptoDnes, two new altcoin ETFs are set to begin trading after the U.S. Securities and Exchange Commission (SEC) approved both products on November 21. The approvals mark a shift in regulatory focus beyond Bitcoin and Ethereum. Bloomberg analyst Eric Balchunas estimates the Dogecoin ETF could generate $11 million on its first day, while Grayscale’s Chainlink Trust may receive a decision soon. Canary Capital’s XRP ETF recently saw $59 million in day-one trading, highlighting strong demand for regulated altcoin exposure. Grayscale, which already offers Bitcoin, Ethereum, and Solana ETFs, is expanding with DOGE and XRP. Meanwhile, REX Shares and Osprey Funds launched Dogecoin ETFs in September without direct SEC approval, setting the stage for increased competition. November has become the busiest month of the year for altcoin ETF approvals.
Altcoin ETFs Approved by SEC as Investor Demand Surges
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