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 studies 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 full Bitcoin market cap ($1,874bn) after the ETPs’ first yr of buying and selling; likewise, ether ETP belongings ($12bn) have a 3% penetration fee of the full 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 year, the chief govt of VanEck mentioned {that a} Solana ETF may solely be potential if the Republicans received the US Presidential Election.
And final winter, Ripple CEO Brad Garlinghouse mentioned it “is smart” for an XRP ETF to ultimately be accepted.
“I believe it is smart that there might be different ETFs. It’s kind 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 usually take into consideration diversifying danger and what have you ever. I believe we are going to see different [crypto] ETFs.
Once we will see them is tough 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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