So, exchange-traded funds (ETFs) for altcoins are coming to a market near you! 🎉 Except, analysts at CryptoMoon think these crypto cousins will be like that weird cousin at family reunions — minimally noticed and rarely invited. Even with a fancy US launch, investors might go, “Oh cool … anyway, Bitcoin!”
Asset managers have filed, like, a gazillion applications (okay, around a dozen) to launch ETFs featuring altcoins like Solana (SOL), XRP (XRP), and Litecoin (LTC) — basically the side characters in crypto’s soap opera. But regulatory approval isn’t expected till 2025, so just hold your speculative horses. 🐴⏳
Fun fact: Analysts predict demand for these ETFs in 2025 will be more “meh” than mind-blowing, mostly appealing to excited retail investors with their dogecoin T-shirts and SOL memes. Katalin Tischhauser from Sygnum Research says, “Where. Is. The. Demand. Coming. From?!” Probably not from your grandma’s retirement fund, that’s for sure.
Tischhauser estimates the inflows for these ETFs might hit several hundred million to $1 billion. Now, compare that to the $100 billion sitting like Bitcoin royalty in US Bitcoin ETFs. See the difference? 🚀 > 🐢
For comparison, Bryan Armour from Morningstar pointed out that when Bitcoin ETFs launched, big ol’ institutional investors were like, “Shut up and take my money!” With altcoins, he’s predicting something closer to, “Meh, maybe later.” Burn. 🔥
Early Adopters: Crypto Hipsters in the Wild
Apparently, people savvy enough to know what Solana is already bought it. You know, the “first to the party and the most likely to brag about it” crowd. They didn’t need ETFs to wade into the crypto-crazy pool. 🎧💻
“If someone’s into Dogecoin at this point, they’ve not only bought it, they’ve probably written songs about it,” said Armour. Meanwhile, wealth managers and institutions might only buy altcoins if they come as part of an index fund that tracks the whole crypto buffet. 🥗🍔
Speaking of mixing things up, Franklin Templeton just launched an ETF with Bitcoin and Ethereum. Yeah, just BTC and ETH for now — they’re the Taylor Swift and Beyoncé of cryptocurrencies. “Altcoins? Maybe we’ll call you later,” regulators seemed to say. 📞🙅♀️
Why ETFs? Because Convenience, Duh
Optimistic asset managers are quoting research that claims “Big Money” could roll into altcoin ETFs, to the tune of $14 billion. Ambitious much? Federico Brokate from 21Shares says altcoin ETFs offer the convenience of institutional pricing and custody. Translation: It’s like getting haute couture crypto but with a Target price tag. 🎯👜
Also, ETFs let you click one magical button to invest alongside your other regular investments. So tech-savvy that even your dad could do it (after asking what a “tweet” is, of course). 📈🖱️
More professional wealth managers, especially brave independent RIAs, are showing interest. They figure, “Why not altcoins? A little XRP could really zhuzh up the portfolio pie chart.” 🥧📊
“There were some early adopters of Bitcoin, and for others, adoption is like avocado toast — trendy, then mainstream, then boring,” said Matt Horne of Fidelity Investments.
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2025-02-25 18:32