JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) might 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 might entice as much as $16 billion in complete.
“SOL & XRP exchange-traded merchandise (ETPs) Might 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 price 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 recent internet belongings and XRP gathering $4-8bn in internet new belongings.”
Final yr, the chief government of VanEck mentioned {that a} Solana ETF might solely be attainable 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 authorised.
“I feel 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 1 inventory, or one firm, you wish to usually take into consideration diversifying threat and what have you ever. I feel 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 pressured the SEC’s hand, and actually [SEC Chair] Gary Gensler’s hand.”
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