摩根大通分析師預測 Solana 和 XRP ETF 將吸引數十億美元的投資，但不太可能複製比特幣的成功

去年比特幣 ETF 的推出為加密貨幣投資工具樹立了新的基準，一年內就累積了 500 億美元的資產。

The launch of Bitcoin exchange-traded funds (ETFs) last year marked a significant milestone for crypto investment vehicles, quickly amassing $50 billion in assets within a year.

去年比特幣交易所交易基金 (ETF) 的推出標誌著加密貨幣投資工具的一個重要里程碑，資產在一年內迅速累積了 500 億美元。

While this success has prompted speculation about the potential for Solana and XRP ETFs, analysts at JP Morgan anticipate that these funds will not replicate Bitcoin’s record-breaking performance.

儘管這一成功引發了人們對 Solana 和 XRP ETF 潛力的猜測，但摩根大通的分析師預計這些基金不會複製比特幣破紀錄的表現。

In a report published Monday, JP Morgan analysts estimated that XRP ETFs could attract $3 to $6 billion in investment, while Solana ETFs might draw $4 to $8 billion.

在周一發布的一份報告中，摩根大通分析師估計 XRP ETF 可能吸引 30 至 60 億美元的投資，而 Solana ETF 可能吸引 4 至 80 億美元的投資。

However, the report also highlighted that altcoin ETFs are unlikely to match the scale of Bitcoin or Ethereum exchange-traded products (ETPs).

然而，該報告也強調，山寨幣 ETF 不太可能與比特幣或以太坊交易所交易產品（ETP）的規模相符。

“Bitcoin remains the favored crypto token to trade and own, both in spot and ETP form,” the analysts noted.

分析師指出：“無論是現貨還是 ETP 形式，比特幣仍然是最受交易和擁有的加密貨幣代幣。”

XRP and Solana are currently ranked as the third and sixth largest cryptocurrencies by market capitalization, respectively, trailing Bitcoin and Ethereum.

XRP 和 Solana 目前分別以市值排名第三和第六大加密貨幣，僅次於比特幣和以太幣。

Their inclusion in ETFs signals growing institutional interest in these altcoins, but these funds are likely to remain smaller than their Bitcoin and Ethereum counterparts.

它們被納入 ETF 表明機構對這些山寨幣的興趣日益濃厚，但這些基金的規模可能仍小於比特幣和以太坊同類基金。

The report also noted the “episodic nature” of the crypto market, which is often driven by fluctuating investor sentiment and trends surrounding new coins or technologies.

該報告還指出了加密貨幣市場的“偶發性”，這通常是由波動的投資者情緒和圍繞新硬幣或技術的趨勢所驅動的。

Several asset managers, including Grayscale, VanEck, and Bitwise, have filed paperwork for XRP and Solana ETFs. Grayscale, which previously converted its Bitcoin and Ethereum trusts into ETFs, has proposed a similar move for its Digital Large Cap Fund, which includes Solana, XRP, and other major cryptocurrencies.

Grayscale、VanEck 和 Bitwise 等多家資產管理公司已提交 XRP 和 Solana ETF 的文件。 Grayscale 先前曾將其比特幣和以太坊信託轉換為 ETF，並提議對其數位大盤基金採取類似舉措，其中包括 Solana、XRP 和其他主要加密貨幣。

Bitcoin ETFs, particularly BlackRock’s iShares Bitcoin Trust, have set a high bar for altcoin funds.

比特幣 ETF，特別是貝萊德的 iShares Bitcoin Trust，為山寨幣基金設定了很高的門檻。

Even Ethereum ETFs, which were launched shortly after Bitcoin ETFs, have struggled to achieve the same level of inflows.

即使是在比特幣 ETF 推出後不久推出的以太坊 ETF，也難以達到相同的資金流入水準。

While Solana and XRP ETFs could collectively manage billions in assets, their performance will likely depend on market sentiment and the broader adoption of altcoin investment products.

雖然 Solana 和 XRP ETF 可以共同管理數十億美元的資產，但它們的表現可能取決於市場情緒和山寨幣投資產品的更廣泛採用。