Which New Cryptocurrency ETFs Are Actually Worth Buying?

Core Insights - The launch of spot Bitcoin ETFs in January 2024 has been highly successful, attracting over $150 billion in investments [1] - Wall Street is preparing for a significant increase in new crypto ETFs, with estimates suggesting up to 100 new listings in the next 6 to 12 months due to streamlined SEC processes [2] Investment Focus - Institutional interest is primarily in a limited number of cryptocurrencies, notably Bitcoin and Ethereum, with minimal interest in others [4] - Year-to-date institutional fund flows show $25 billion into Bitcoin, $12.5 billion into Ethereum, and $1.5 billion each into Solana and XRP, indicating strong institutional support for these assets [5] - Anticipated inflows into Solana and XRP could reach $6 billion and $8 billion respectively, suggesting potential price increases for these cryptocurrencies [6] ETF Selection Criteria - It is essential to focus on spot crypto ETFs that provide direct exposure to cryptocurrencies, as many products may not offer true spot exposure and could involve complex structures [7] - With over 100 new crypto ETFs expected, only a few may be worth considering, emphasizing the importance of selecting straightforward spot ETFs aligned with institutional interests [8]