According to a study from JPMorgan, the motorboat of a Ripple XRP and Solana SOL ETF could pull astir $14 cardinal successful inflows successful their archetypal year. The projection is based connected marketplace penetration rates akin to existing Bitcoin and Ethereum ETFs, which presently correspond 3-6% of their respective tokens’ marketplace capitalizations.
JUST IN: JPMorgan predicts caller projected $XRP & $SOL ETFs whitethorn pull $14 cardinal worthy of inflows.
— Watcher.Guru (@WatcherGuru) January 14, 2025Based connected Solana’s existent marketplace headdress of $90.5 billion, ETF assets could scope $5.2 cardinal astatine 6% penetration oregon $2.7 cardinal astatine 3% penetration, JPMorgan notes. “The cardinal question present remains the uncertainty of capitalist request for further products and whether caller crypto ETP launches volition matter,” JPMorgan analysts including Kenneth Worthington wrote successful a note.
Solana’s SOL and Ripple’s XRP cryptocurrencies are 2 of the apical altcoins connected the cryptocurrency market. Both had explosive 2024s successful presumption of terms growth, and volition apt replicate that successful 2025. Additionally, the motorboat of ETFs for the respective cryptocurrencies volition besides spark rallies for the coins. While XRP’s ETF appears much apt than SOL’s according to immoderate experts, some are surely apical candidates for SEC approval.
XRP and SOL ETF Applications Already Pending Approval
Multiple plus managers successful the US person already filed applications for some XRP and SOL ETFs. Following the motorboat of Bitcoin ETFs successful aboriginal 2024, Bitcoin’s terms exploded by astir 100%. The starring crypto coin by marketplace headdress ended 2024 reaching $100,000 connected aggregate instances. This model of ETF motorboat could besides travel with XRP and Solana assets, which are expected to scope caller all-time highs successful 2025 already.
JPMorgan acknowledged that advancement connected ETFs beyond Bitcoin and Ether whitethorn beryllium dilatory owed to the alteration of administration, particularly fixed the deficiency of regulatory clarity. However, the analysts inactive “expect different ETP applications to beryllium submitted — and possibly approved — successful 2025.” With Gensler acceptable to depart adjacent week arsenic President-elect Donald Trump takes office, the SEC volition invited a caller chairman, Paul Atkins, who is viewed arsenic much supportive of crypto and innovation. This alteration successful leadership, erstwhile confirmed by the Senate, could unfastened the doorway to a much favorable regulatory situation for crypto ETFs.