JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) may see multi-billion greenback inflows.
VanEck’s head of digital asset analysis Matthew Sigel experiences on the social media platform X that JPMorgan says SOL and XRP ETFs may appeal to as much as $16 billion in complete.
“SOL & XRP exchange-traded merchandise (ETPs) May Appeal to $3-8bn Every: JPM
ETP belongings ($108bn) make up 6% of the entire Bitcoin market cap ($1,874bn) after the ETPs’ first 12 months of buying and selling; likewise, ether ETP belongings ($12bn) have a 3% penetration fee of the entire Ethereum market cap ($395bn) inside its first 6 months since launch.
When making use of these so-called “adoption charges” to SOL and XRP, we see SOL attracting roughly $3-6bn of latest internet belongings and XRP gathering $4-8bn in internet new belongings.”
Final 12 months, the chief government of VanEck mentioned {that a} Solana ETF may solely be attainable if the Republicans received the US Presidential Election.
And final winter, Ripple CEO Brad Garlinghouse mentioned it “is sensible” for an XRP ETF to finally be authorised.
“I believe it is sensible that there will probably be different ETFs. It’s type of just like the earliest days of the inventory market – you don’t really need publicity to at least one inventory, or one firm, you need to usually take into consideration diversifying threat and what have you ever. I believe we’ll see different [crypto] ETFs.
After we will see them is difficult to foretell. The unhappy actuality of what we noticed with the Bitcoin ETF is [it happened] solely as a result of the courts compelled the SEC’s hand, and actually [SEC Chair] Gary Gensler’s hand.”
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