The cryptocurrency industry has entered the mainstream. Financial institutions have opened their doors to the emerging asset class over the previous year. The SEC’s approval of 11 spot Bitcoin (BTC) ETFs last year made history in the US. With more institutions becoming comfortable with crypto, we may see an increase in intuitional funding over the coming years.

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Cryptocurrencies Continue to Stagnate

Market crash visualization showing sharp red downward trend line over cityscape at sunset
Source: Watcher Guru

The cryptocurrency market made a slight recovery earlier this week. Bitcoin (BTC) reclaimed the $88,000 level after its recent descent to sub-$79,000 levels. BTC has since slipped below $87,000.

The market resurgence was likely due to bullish developments in the US. The SEC dropped its lawsuit against Ripple. The financial watchdog also announced four more cryptocurrency roundtables.

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BTC’s rally may have been due to BlackRock’s IBIT spot BTC ETF purchasing an additional $107.9 million worth of the crypto.

Top 3 Cryptocurrencies With The High Institutional Funding Chances

1. Ripple (XRP)

XRP cryptocurrency coin logo on blue digital background
Source: BitIRA

Ripple’s XRP token has a high chance of getting an ETF this year. The SEC has also dropped its litigation against the fintech company. The path seems to be clear for the cryptocurrency to hit new highs. With the lawsuit out of the way, institutions may begin to look into the asset.

2. Solana (SOL)

solana cryptocurrency

SOL’s price has faced quite a dip since its all-time high in January. The popular cryptocurrency has come a long way since its 2022 crash. The asset’s incredible performance may attract increased institutional money over the coming months.

3. Litecoin (LTC)

Litecoin LTC cryptocurrency Logo
Source: Webopedia

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LTC also has a high chance of getting an ETF sometime this year. An ETF approval could make it easy for institutions to open their doors to the asset. With a pro-crypto administration in the US, we may see an increase in the number of crypto-based ETFs this year.

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