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📖 Day 1 · Quiz (Single Choic
Will XRP, Solana (SOL), and Other Altcoin ETFs Be Approved? Shared High-Level Expectation, Revealed the Risk That No One Talks About!
In 2024, spot Bitcoin (BTC) and Ethereum (ETH) ETFs, considered a milestone for the cryptocurrency sector, were approved.
This approval enabled ETF applications for altcoins such as XRP, Solana (SOL), Litecoin (LTC), Dogecoin (DOGE) and Cardano (ADA).
While the cryptocurrency community eagerly awaits the green light for altcoin ETFs, top analysts are expecting the high probability of ETF approval. However, one analyst said that altcoin ETFs would not meet the expectations.
Head of Research at Sygnum Bank, Katalin Tischhauser stated that altcoin ETF approvals are inevitable, but may not attract much attention among investors and may not meet expectations.
Tischhauser stated that cumulative entries into altcoin ETFs are expected to be between 100 million and 1 billion dollars.
Morningstar manager Bryan Armour also stated that the interest in altcoin ETFs would be much less than Bitcoin and Ethereum, saying, "Some institutional investors and advisors were waiting for an ETF to access Bitcoin. However, I do not expect the number of investors waiting for an ETF before investing in altcoins to be that large. Because if institutions were highly interested in Solana or Dogecoin, they would have bought by now."
However, JPMorgan had predicted that the cumulative demand for altcoin ETFs would exceed 14 billion dollars.