"Altcoin ETFs May See Lower Investor Interest Compared to Bitcoin (BTC)"

Source
JH Kim

Summary

  • Multiple analysts predict that while altcoin ETFs are scheduled to launch this year, they may not receive significant investor interest.
  • Katalin Tischhauser of Signum Research forecasts that altcoin ETF cumulative inflows will remain under $1 billion.
  • Experts predict that altcoin ETFs will struggle to attract institutional investor interest and initial investment inflows will be lower compared to BTC ETFs.

According to cryptocurrency media CoinTelegraph on the 25th (local time), multiple analysts predict that altcoin Exchange-Traded Funds (ETFs) expected to launch this year may not receive as much investor interest as anticipated.

Katalin Tischhauser, Research Director at Signum Research, stated that "cumulative inflows into altcoin ETFs will likely remain under $1 billion," adding that "this is a very low figure compared to the current $100 billion in Bitcoin (BTC) ETF holdings."

Bryan Armour, Head of Strategic Asset Management at Morningstar, shared a similar view. He explained, "For Bitcoin ETFs, some institutional investors and asset advisors were waiting for the launch," noting that "in the case of altcoins, many investors likely already hold the spot assets."

Experts particularly forecast that altcoin ETFs will have limitations in attracting institutional investors' interest, predicting that initial investment inflows will be lower compared to BTC ETFs.

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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