The post JPMorgan Issues Major Solana and XRP ETF Predictions: Details appeared on BitcoinEthereumNews.com.

Analysts at JPMorgan are optimistic that introducing Solana (SOL) and XRP Exchange Traded Funds (ETFs) could inject up to $8 billion into the assets. Matthew Sigel, Head of Digital Assets Research at VanEck, recently highlighted this stance in an X post. The JPMorgan Inflow Forecast He said that Bitcoin ETP assets, which are approximately $108 billion, make up 6% of the total Bitcoin market cap. It is worth noting that the market cap of the flagship cryptocurrency has successfully risen to $1.85 trillion, just one year after the ETPs’ went live in the US. In like manner, Ethereum ETP assets, valued at $12 billion, have a 3% penetration rate of the total ETH market cap, now at $373 billion. While this rate is much lower than Bitcoin’s, the Ethereum ETF launch is only about 6 months old. SOL & XRP ETPs Could Attract $3-8bn Each: JPM ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within its first… pic.twitter.com/7rApA2z71h — matthew sigel, recovering CFA (@matthew_sigel) January 13, 2025 Based on these numbers that reflect the performance of BTC and ETH ETFs, it is believed that the so-called “adoption rates” to SOL could attract between $3-6 billion of new net assets. – Advertisement – Similarly, the JPMorgan analysts hinted that XRP ETFs can pull in around $4-8 billion in net new assets. Ripple’s Monica Long already sees the possibility that XRP will be next in line to receive the US Securities and Exchange Commission’s (SEC) approval. Prospects of Approval of Crypto ETF Products So far, investment asset managers like Bitwise, Canary Capital, and WisdomTree have taken a significant step by filing for XRP…

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Filed under: News - @ January 14, 2025 12:24 pm