- Altcoin prices are expected to surge.
- XRP and Solana ETFs are outpacing Bitcoin funds in inflows.
- It comes as markets show signs of recovery.
Wall Street betting on XRP and Solana will drive up the price of those assets as altcoin exchange-traded funds gain momentum, analysts say.
Newly launched US spot ETFs’ ability to attract institutional investors will catapult XRP and Solana’s prices by 33% and 10% respectively, Ray Youssef, CEO of crypto trading platform NoOnes, told DL News.
Regulated products “create a steady inflow channel that can serve as a liquidity buffer for the current market environment,” he said.
Youssef added that institutional demand for regulated exposure to non-Bitcoin assets is accelerating, even in one of the toughest macro backdrops of the year.
He’s not alone in being bullish on XRP and Solana on the back of the new ETFs. Analysts have previously told DL…
