JPMorgan: New Meme Coin ETF, Even If Approved, Will Have Limited Impact

BlockBeats News, January 15th, according to DL News, on January 13th, a JPMorgan analyst wrote in an investor report that besides Bitcoin and Ethereum, there is limited interest in new ETFs, despite expectations of a regulatory smoothing under Trump. The institution believes that investors' interest or demand is not sufficient to make the launch of these future altcoin ETPs impactful on the cryptocurrency ecosystem.

The bank expects $3 billion to $6 billion to flow into a Solana ETF, while Ripple's XRP could attract as much as $8 billion in funds.