JPMorgan: XRP, SOL ETFs Could See $14B Inflows in 1st Year
According to a report from JPMorgan, the launch of a Ripple XRP and Solana SOL ETF could attract approximately $14 billion in inflows in their first year. The projection is based on market penetration rates similar to existing Bitcoin and Ethereum ETFs, which currently represent 3-6% of their respective tokens’ market capitalizations. JUST IN: JPMorgan predicts new proposed $XRP & $SOL ETFs may attract $14 billion worth of inflows. — Watcher.Guru (@WatcherGuru) January 14, 2025 Based on Solana’s current market cap of $90.5 billion, ETF assets could reach $5.2 billion at 6% penetration or $2.7 billion at 3% penetration, JPMorgan notes. “The key question here remains the uncertainty of investor demand for additional products and whether new crypto ETP launches will matter,” JPMorgan analysts including Kenneth Worthington wrote in a note. Solana’s SOL and Ripple’s XRP cryptocurrencies are two of the top altcoins on the cryptocurrency market. Both had explosive 2024s in terms of...