Bloomberg ETF analyst: ”Altcoin spot ETF approvals expected to increase in September and October”

The number of altcoin spot ETFs approved is expected to increase further between September and October, Eric Balchunas, Bloomberg ETF Senior Analyst, said on the 30th.
(local time), via social media, "US SEC Chairman Paul Atkins has increased the limit on BlackRock's $IBIT options positions by 10 times,
BlackRock announced that it has approved a proposal to allow FLEX options, a standard option product. $IBIT is the most representative Bitcoin spot exchange managed by BlackRock.
"The options approval is pretty big news," Balchunas said, adding, "We expect the number of altcoin spot ETF approvals to increase in September and October."
Currently, applications have been submitted to the SEC for physical ETFs related to altcoins such as Solana (SOL) and Ripple (XRP).