Altcoin ETFs unlikely to match Bitcoin's growth, analysts say

While altcoin exchange-traded funds (ETFs) are launching rapidly in the United States, they are unlikely to achieve the same level of growth as their Bitcoin counterparts, according to a recent analysis. The Block reported that Ben Slavin, Global Head of ETFs at BNY Mellon, acknowledged accelerating launches and confirmed investor demand for altcoin ETFs. However, Slavin stated it would be difficult for these funds to hold a significant portion of their underlying assets' circulating supply, unlike Bitcoin ETFs, which hold around 7%. He predicted that because altcoin ETFs are sensitive to market trends, short-term demand will fluctuate with price, but long-term investor interest will continue to grow. Separately, Ripple Labs President Monica Long explained that although more than 40 crypto ETFs have launched this year, their share of the U.S. ETF market remains minimal. She suggested that wider adoption of crypto ETFs could accelerate market participation from corporations and institutions. Long added that large corporations are showing increased interest in financial strategies that use digital assets and in investments in tokenized assets.