Zach Pandl, Head of Research at Grayscale, recently discussed the market outlook for altcoin ETFs. With spot products for XRP, HBAR, LINK, and SOL being launched one after another, he believes there is indeed institutional demand. However, he also emphasized one point: institutional investors won't accept just anything—they will be very selective. This means not all altcoin ETFs will receive the same level of attention, and quality and compliance will become the criteria for selection. For institutions looking to gain exposure to altcoins through ETFs, they will need to be even more cautious when choosing their targets.