Crypto Analyst Predicts Likelihood of Altcoin ETFs: Solana (SOL) and Chainlink (LINK) Have High Probability
Cryptocurrency analyst Quinten has shared his insights on the probability of various altcoins seeing ETF filings. He also shared the coins that could see potential approvals within the next year. This analysis comes at a time when VanEck has filed for a Solana ETF.
What you'll learn 👉
Tier-Based Probability Assessment
Quinten has categorized major altcoins into five tiers based on their likelihood of ETF development:
Very Likely
- Solana (SOL)
- Chainlink (LINK)
Likely
- Toncoin (TON)
- Avalanche (AVAX)
- Dogecoin (DOGE)
Possible
- Litecoin (LTC)
- Polygon (MATIC)
- TRON (TRX)
- Polkadot (DOT)
Unlikely
Not Going to Happen
- Bitcoin Cash (BCH)
- XRP
- Binance Coin (BNB)
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Show more +Factors Influencing ETF Probability
The analyst’s assessment is based on several key factors:
- Decentralization level
- Proximity to being classified as a security
- Traditional financial industry involvement
- Adoption rate
- Overall reputation
These criteria provide a comprehensive framework for evaluating each altcoin’s potential for ETF development, considering both technical and market-related aspects.
Interestingly, Quinten also notes the possibility of ETF filings for baskets of altcoins. This concept of diversified altcoin ETFs could potentially increase the chances of inclusion for some cryptocurrencies that might not see individual ETF filings.
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