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 reviews 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 property ($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 property ($12bn) have a 3% penetration price 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 web property and XRP gathering $4-8bn in web new property.”
Final 12 months, the chief govt of VanEck mentioned {that a} Solana ETF may solely be attainable if the Republicans gained the US Presidential Election.
And final winter, Ripple CEO Brad Garlinghouse mentioned it “is sensible” for an XRP ETF to finally be accredited.
“I feel it is sensible that there can be different ETFs. It’s type of just like the earliest days of the inventory market – you don’t actually need publicity to at least one inventory, or one firm, you need to sometimes take into consideration diversifying threat and what have you ever. I feel 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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