Institutional interest in alternative cryptocurrencies like XRP, Ether, Cardano, and DOGE has surged in the U.S., as reflected in the increased SEC filings.
While Bitcoin continues to attract institutional attention, Ethereum, Cardano, XRP, and Dogecoin have also seen a rise in related filings, indicating growing interest in these assets.
Data from investment data analytical platform Alphractal shows a significant increase in Ethereum-based ETF filings, reinforcing its position as a top institutional alternative to Bitcoin.
The rise in altcoin-based ETF filings suggests a shift towards diversification as institutional investors prepare for the next phase of the crypto market and demonstrate trust in alternative coins.