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 stories 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 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 charge 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 year, the chief govt of VanEck stated {that a} Solana ETF might solely be doable if the Republicans gained the US Presidential Election.
And final winter, Ripple CEO Brad Garlinghouse stated it “is sensible” for an XRP ETF to finally be authorized.
“I feel it is sensible that there will likely 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 usually take into consideration diversifying danger and what have you ever. I feel we are going to 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 pressured the SEC’s hand, and actually [SEC Chair] Gary Gensler’s hand.”
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