Bitwise CIO stated that the ETFs of two later-coming altcoins will be approved! He announced three altcoins to watch!

Due to macroeconomic uncertainty and fears related to Trump's tariff moves, Bitcoin (BTC) and altcoins experienced significant get dumped.

Investors are expecting upward movement in cryptocurrencies with positive news from the FED today, while Bitwise CIO Matt Hougan made statements regarding altcoins.

Follow These Altcoins!

Speaking to Decrypt, Matt Hougan stated that DeFi is significantly undervalued.

Despite the lackluster performance of altcoins, Hougan, who stated that he is optimistic about DeFi based altcoins, believes that DeFi will experience a boom when new regulations are enacted.

Hougan, who points to Uniswap (UNI), Ondo, and Aave as high growth potential projects among DeFi-based altcoins, said, "The market has yet to accept the fact that these tokens could change the token economics and could be money printers in a new regulatory environment."

"I Will Invest in SUI ETF!"

The Bitwise CIO also mentioned the altcoin ETF applications and noted that layer 1 blockchains such as Sui (SUI) and Aptos (APT) are attractive to institutional investors.

Hougan stated that the potential for the launch of SUI and Aptos-based ETFs in the US is high:

"SUI and APT definitely meet the necessary conditions to attract institutional investors and have a high chance of approval.

If the SUI ETF is approved, I will personally invest in SUI.

For Which Altcoins Will They Apply For ETFs?

Bitwise applied for an Aptos ETF earlier this month, but it has not yet submitted an application for an ETF based on SUI.

At this point, Hougan did not answer the question about which altcoins Bitwise might apply for ETFs in the future, but he mentioned that the firm is examining altcoins that are linked to high-quality and interesting projects with real potential.