The success of the Bitcoin ETFs—launched this time last year—was unprecedented. And there’s a market for more crypto funds, according to analysts at America’s biggest bank, though that level of prosperity will be difficult to duplicate.
In a Monday report, a team of researchers at JP Morgan said that Solana and XRP ETFs could respectively pull in billions of dollars’ worth of cash from investors.
Still, vehicles for top altcoins would still fall well short of Bitcoin exchange-traded products or ETPs, the analysts said, predicting that XRP ETFs could attract $3 to $6 billion in investment, while Solana products could draw in between $4 to $8 billion.
“Regardless of an exact number, we think [Solana and XRP ETFs] will match if not fall below Ethereum ETP expectations given their altcoin status and, similarly, that Bitcoin remains the favored crypto token to trade and own both in spot and ETP form,” the report read.
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Author: Mathew Di Salvo
