This prediction aligns with the first anniversary of U.S. spot Bitcoin ETFs, which nearly reached $110 billion in cumulative holdings by Jan. 2. The introduction of new crypto-based ETFs could drive altcoins to unprecedented highs, similar to Bitcoin’s surge after its ETF debut.
However, JPMorgan cautions that altcoin demand remains volatile, making the performance of future crypto-based ETFs uncertain. The U.S. Securities and Exchange Commission is expected to make preliminary decisions on Solana ETF applications by the end of January, with major asset managers like VanEck and Grayscale awaiting outcomes.
However, skepticism remains regarding the SEC’s approval of additional crypto ETFs. JPMorgan has previously expressed doubts about the SEC’s willingness to approve ETFs beyond Ethereum, citing concerns over the classification of cryptocurrencies as securities.
Read Also:
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Image via Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
