success Bitcoin ETFs— which launched this time last year — was unprecedented. There is a market for more cryptocurrency money, according to analysts at America's largest bank, although that level of prosperity will be difficult to replicate.

In a report on Monday, a team of researchers at JPMorgan said so Solana and XRP ETFs can successively pull billions of dollars worth of cash from investors.

However, the compounds for the best altcoins will still be much lower than that Bitcoin Exchange-traded products or ETPsThe analysts said, anticipating that XRP ETFs could attract $3 billion to $6 billion in investments, while Solana products could attract $4 to $8 billion.

“Regardless of the exact number, we believe (the Solana and He read the report.

She added that even if Solana and XRP funds are approved, they will end up managing billions of dollars in assets under management — and will be much smaller than Bitcoin and XRP. Ethereum Their counterparts.

A number of asset managers — including Grayscale, VanEck, and Bitwise — have filed paperwork for cryptocurrency funds XRP and Solana.

XRP and Solana are the third and sixth largest cryptocurrencies by market cap, respectively. Bitcoin and Ethereum occupy the top two positions, respectively.

That would be very difficult Match success Among the Bitcoin ETFs, which launched in January after the Securities and Exchange Commission gave them the green light to trade on exchanges: BlackRock's iShares Bitcoin Trust, the largest cryptocurrency investment vehicle, reached $50 billion in assets in its first year.

ETFs hit the market last year as well, but were much slower at withdrawing money than their sought-after Bitcoin counterparts.

“The episodic nature of the cryptocurrency market is driven by mixed investor sentiment and trendy new currencies that may attract increased interest for a limited time,” analysts at JPMorgan added.

Modified by Andrew Hayward