Home web3.0 Solana ETF and Ethereum ETF to Boost Altcoin\'s Path to 3,000% Rally, Here\'s Why

Solana ETF and Ethereum ETF to Boost Altcoin\'s Path to 3,000% Rally, Here\'s Why

Jul 16, 2024 am 09:34 AM

Following Cboe BXZ's official filings to list VanEck and 21 shares of Solana ETF and the submission of amended Ethereum ETF filings by notable asset

Solana ETF and Ethereum ETF to Boost Altcoin's Path to 3,000% Rally, Here's Why

Solana (SOL) and Ethereum (ETH) have both seen a price increase following the official filings by Cboe BXZ to list VanEck and 21 shares of Solana ETF, and the submission of amended Ethereum ETF filings by notable asset companies. However, the news has also boosted the adoption of RCO Finance (RCOF), which is set to witness a potential 3000% rally.

Being an ERC-20 token, the news of Ethereum ETFs has boosted RCO Finance’s (RCOF) presale momentum. Over 45 million of the total 98 million stage 1 tokens have been sold, as more investors join the presale for substantial gains.

Solana ETF Awaits SEC Approval BoostThe Chicago Board Options Exchange (Cboe) BZX exchange has filed applications to list VanEck and 21Shares’ Solana ETFs, pending SEC approval by March 2025. Notably, Cboe already lists six spot Bitcoin ETFs and plans to list five spot Ether ETFs.

With the SEC approval for Ethereum ETFs on the horizon and set to boost confidence in Solana ETFs, if approved, these ETFs will track Solana’s (SOL) spot price and could ignite a significant price rally for the coin.

Solana (SOL) has already started seeing this rally with a market capitalization of $63.54B and a 24-hour trading volume of $6.69B. The SEC’s approval could lead to other altcoins following Solana’s success in the coming weeks.

SEC Approval Could Skyrocket EthereumOn May 23, the SEC approved spot Ethereum ETF filings from eight asset managers, including VanEck, 21Shares, and Bitwise. After amendments, VanEck and 21Shares resubmitted their S-1 registrations on July 8 for final SEC approval.

They plan to list shares “as soon as practicable” after approval. Similarly, Bitwise filed an amended registration on July 3. More filings are expected within the week, and final approvals could come in July, as SEC Chair Gary Gensler hinted at summer approvals.

Following this news, experts speculate that Ethereum (ETH) might surge up to 3000% in the coming weeks. The market is showing signs of a bullish reversal, with Ethereum (ETH) trading above the 200-day SMA and rising 0.64% in the last 24 hours, which is likely influencing other altcoins.

RCO Finance Presale Soars On ETF NewsBeing an ERC-20 token, the news of Ethereum ETFs has boosted RCO Finance’s (RCOF) presale momentum. Over 45 million of the total 98 million stage 1 tokens have been sold, as more investors join the presale for substantial gains.

RCO Finance (RCOF) is another altcoin set to witness a potential price rally of up to 3000% with its official token launch, which analysts forecast would trade at an altcoin price of $0.4–$0.6.

However, investors who join the presale now can purchase the tokens at an affordable price of $0.01275 per token. Moreover, they still get a 30% discount on the entry price by using the code RCOF30. Don’t wait anymore; join the RCO Finance (RCOF) presale now!

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

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