JPMorgan Chase expects potential XRP exchange-traded funds (SOLs) and ETFs (ETFs) to see billions of dollars in inflows.
Head of Digital Assets Research at VanEck Matthew Siegel Reports on social media platform X indicate that JP Morgan says the SOL and XRP ETFs could attract up to $16 billion in total.
“SOL and XRP exchange-traded products (ETPs) could attract $3-8 billion each: JPM
ETP assets ($108 billion) constitute 6% of Bitcoin’s total market capitalization ($1,874 billion) after the first year of ETPs trading; Likewise, ETP’s ETF assets ($12 billion) have a penetration rate of 3% of Ethereum’s total market cap ($395 billion) within the first 6 months since launch.
When applying so-called “adoption rates” to SOL and
Last year, VanEck’s CEO said that a Solana ETF could only be possible if Republicans won the US presidential election.
Last winter, Ripple CEO Brad Garlinghouse said it “makes sense” that an XRP ETF would eventually be approved.
“I think it makes sense for there to be other ETFs. It’s like the early days of the stock market — you don’t really want exposure to one stock, or one company, you usually want to think about diversifying your risk and what have you. I think we’ll see other [crypto] ETFs.
It is difficult to predict when you will see them. The sad truth of what we’ve seen with the Bitcoin ETF is [it happened] Only because the courts forced the SEC’s hand, really [SEC Chair] Hand of Gary Gensler.
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