摩根大通分析师预测 Solana 和 XRP ETF 将吸引数十亿美元的投资，但不太可能复制比特币的成功

去年比特币 ETF 的推出为加密货币投资工具树立了新的基准，一年内就积累了 500 亿美元的资产。

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.

去年比特币交易所交易基金 (ETF) 的推出标志着加密货币投资工具的一个重要里程碑，资产在一年内迅速积累了 500 亿美元。

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.

尽管这一成功引发了人们对 Solana 和 XRP ETF 潜力的猜测，但摩根大通的分析师预计这些基金不会复制比特币破纪录的表现。

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.

在周一发布的一份报告中，摩根大通分析师估计 XRP ETF 可能吸引 3 至 60 亿美元的投资，而 Solana ETF 可能吸引 4 至 80 亿美元的投资。

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

然而，该报告还强调，山寨币 ETF 不太可能与比特币或以太坊交易所交易产品（ETP）的规模相匹配。

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

分析师指出：“无论是现货还是 ETP 形式，比特币仍然是最受欢迎的交易和拥有的加密代币。”

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

XRP 和 Solana 目前按市值分别排名第三和第六大加密货币，仅次于比特币和以太坊。

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.

它们被纳入 ETF 表明机构对这些山寨币的兴趣日益浓厚，但这些基金的规模可能仍小于比特币和以太坊同类基金。

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.

该报告还指出了加密货币市场的“偶发性”，这通常是由波动的投资者情绪和围绕新硬币或技术的趋势驱动的。

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 等多家资产管理公司已提交 XRP 和 Solana ETF 的文件。 Grayscale 此前曾将其比特币和以太坊信托转换为 ETF，并提议对其数字大盘基金采取类似举措，其中包括 Solana、XRP 和其他主要加密货币。

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

比特币 ETF，特别是贝莱德的 iShares Bitcoin Trust，为山寨币基金设定了很高的门槛。

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

即使是在比特币 ETF 推出后不久推出的以太坊 ETF，也难以达到相同的资金流入水平。

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.

虽然 Solana 和 XRP ETF 可以共同管理数十亿美元的资产，但它们的表现可能取决于市场情绪和山寨币投资产品的更广泛采用。