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Following the success of Bitcoin and Ethereum spot ETFs, asset managers are now pushing for altcoin ETFs. Analysts are divided on their potential, given the lower mainstream visibility of altcoins compared to Bitcoin.
- Bloomberg analysts estimate a >90% chance of altcoin ETF approvals in 2024, including Solana, Dogecoin, and XRP.
- Bitcoin ETFs hold $130B in assets, while Ethereum ETFs manage $10B, setting a strong precedent for crypto ETFs.
- Institutional investors may drive altcoin ETF demand, with 20% of Ethereum ETF shares held by large funds.
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