Analysis: "Altcoin ETFs Will Difficulty Growing as Much as Bitcoin"

While altcoin ETFs are being launched rapidly in the US, analysis suggests they will struggle to achieve the same level of growth as Bitcoin ETFs. According to The Block, Ben Slavin, Global Head of ETFs at Bank of New York Mellon, stated, "Altcoin ETF launches are accelerating, and investor demand is evident. However, unlike Bitcoin ETFs, which currently hold approximately 7% of total circulation, it is unlikely that altcoin ETFs will reach this level. Altcoin ETFs are sensitive to market trends, so short-term demand may fluctuate with price, but investor interest will continue to grow in the long term." Regarding this, Monica Long, CEO of Ripple Labs, explained, "While more than 40 cryptocurrency ETFs have been launched this year, their share of the US ETF market remains minimal. Expanding adoption of cryptocurrency ETFs could accelerate market participation by corporations and institutions. In particular, large corporations are increasingly interested in financial strategies utilizing digital assets and investing in tokenized assets."