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 ($1.88) 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 b...
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