How to Invest in Altcoins During the Crypto Bull Run and Ethereum ETF Launch

After the Bitcoin ETF, the crypto industry is now waiting for an ETH ETF. This process has been going on for months. Bloomberg Research analyst James Seifert said nine ETH ETFs will hit the market next week. Despite the positive sentiment, Bitcoin is doing well, but there are big hurdles to overcome. This also applies to altcoins, which have been a disaster in recent weeks.

Institutional interest and market inflows

The market is regaining its luster again, just after a US Bitcoin ETF recorded 10 consecutive days of significant net inflows with trading volume. BlackRock, for example, reported more than $340 million in the first hour of trading. Bitcoin is seen as digital gold that acts as a hedge against inflation, while Ethereum is emerging as a leading tokenized asset and smart contract platform, according to Paul Brody, global head of blockchain at Ernst & Young.

Ethereum Spot ETF Expected to Attract Billions

Analysts say Ethereum prices are rising in anticipation of the approval and launch of a spot Ethereum ETF, scheduled to begin trading next week. Citibank predicts that these ETFs could attract up to $5.4 billion in net inflows in the first six months, roughly 30-35% of Bitcoin ETF inflows. Unlike Bitcoin, which is considered a store of value, Ethereum is known for its utility, driving the crypto economy. Additionally, Ethereum 2.0’s transition to a proof-of-stake mechanism is expected to improve scalability, security, and energy efficiency, further boosting investor confidence.

Top Altcoins and Their Potential

Other cryptocurrencies such as Chainlink, Solana, and Injective have also shown promising results.

ChainLink

Chainlink recently launched a Digital Asset Sandbox where financial institutions can explore Web3 assets. This development aims to connect the world of traditional finance and cryptocurrencies. Moreover, despite the downward trend, LINK has risen 44% in 2024, reaching highs of over $20 before falling back to below $15.

Solana (SOL)

Spot Solana ETF approval expectations are driving Solana’s price rise. VanEck and other asset managers have filed applications for these ETFs, which could lead to more institutional investors in Solana. Solana’s high transaction speeds and low fees make it an attractive option for decentralized applications and DeFi projects. After a slight decline, SOL is trading above $158 and the 100-hour simple moving average, indicating a positive trend for intraday traders.

Injective (INJ)

Injective is being asked to launch a staking exchange-traded product (ETP) that will give traditional financial investors access to the INJ token while earning staking rewards. Over the past week, INJ has risen about 32%, and in the past 24 hours, it has risen just 1%. Injective (INJ) is trading at $26.17. Price could rise to $380.