All altcoins that have submitted a spot ETF application are ‘American coins’ or belong to the WLFI Portfolio
According to on-chain analyst @ai_9684xtpa's summary, 9 altcoins including SOL, XRP, LTC, ADA, AVAX, APT, SUI, MOVE, TRX, and 4 Memecoins including DOGE, TRUMP, BONK, PENGU have submitted spot ETF applications. The teams behind the altcoin projects are mostly based in the U.S. or have strong U.S. resource backgrounds, or belong to the WLFI Portfolio, displaying a "resource-oriented application pattern."
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