Bitcoin ETF Green Light: These Cryptos are Primed to Soar Next

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After Grayscale won its case against the SEC on August 29, the Bitcoin ETF has been given a green light. Now, Fidelity, Nasdaq, and Franklin Templeton have joined the race to file for Bitcoin Spot ETFs. Even as the SEC is delaying the approval, the crypto market anticipates a huge rally once the approval is given.

Let’s see why the crypto analysts have picked Avalanche (AVAX), Cosmos (ATOM), and VC Spectra (SPCT) to soar next amid these developments.

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The Avalanche AVAX price jumped to $11.01 on August 29 after the news of Grayscale’s victory came out. But soon, there was a price correction in the Avalanche AVAX price along with the entire crypto market. 

The Avalanche AVAX price is down by 15.3% from August 29, to trade at $9.32 on September 13. This is because the news about FTX’s liquidation permission has caused a further dip in the market. 

Despite the bearish downturn, Avalanche (AVAX) has continued to build and expand its ecosystem. On September 6, Ava Labs, the company behind Avalanche (AVAX) launched the no-code blockchain builder called AvaCloud. This was followed by the launch of the multi-asset decentralized exchange, Multiswap on Avalanche (AVAX) on September 12. 

So, following its recent developments, once the Bitcoin ETF is approved in the coming months, experts believe that Avalanche (AVAX) is primed to soar.

The team behind the Cosmos crypto is working extensively to bring about ecosystem growth. However, the Cosmos ATOM price only witnessed a relief bounce after Grascale’s victory on August 29. 

The Cosmos ATOM price jumped 4.4% to reach $7.45 on August 30 from $7.13 on August 29.