The recent approval of a Bitcoin Spot ETF has continued to send shockwaves through the crypto world, and many believe an Ethereum (ETH) ETF was next. This sparked anticipation for a massive bull run in ETH and related tokens. However, a new debate has emerged: which altcoin will be the next to get the ETF treatment?
VeChain (VET), a popular sustainability-focused token, has found itself in the spotlight. Some VET enthusiasts believe a VET ETF is already approved and ready to trade on major exchanges by June 1st. While this is likely wishful thinking aimed at inflating the asset’s price, it highlights the growing demand for a VET ETF.
VET has made significant strides in recent times, particularly with the launch of VeBetterDAO and partnerships with major organizations like the UFC and the Italian Tennis Open. These developments showcase the project’s commitment to driving sustainable blockchain technology.
Also Read: VeChain Scores Patent for Blockchain-Based Carbon Recording and Trading System
The possibility of a VET ETF, even if just a rumor for now, signifies the growing interest in the asset. With its recent successes, expectations are high for a price surge during the anticipated crypto bull run.
So, is a VET ETF on the horizon?
There’s no official confirmation from VeChain itself. However, both the crypto community and VET enthusiasts are holding onto hope. The same buzz surrounds other altcoins like DOT, XRP, SOL, and even DOGE, with their communities advocating for their own ETF listings. Only time will tell which altcoin, if any, will be next in line.
VeChain (VET) Market OutLook
At the Time of press, the global cryptocurrency market cap is $2.56B with a +0.46% change in the last 24 hours. VET’s current price is $0.03528017, with a 24-hour trading volume of $37.99M. VET is +0.45% in the last 24 hours, with a circulating supply of 72.71B VET coins and a maximum supply of 86.71B VET coins. VET ranks 52 by market cap. It has a 24H high of $0.03571071 recorded on May 25, 2024, and its 24H low so far is $0.03505812, recorded on May 25, 2024.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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