JPMorgan analysts predict a significant influx of capital into Spot ETFs for cryptocurrencies XRP and Solana after approval, expecting up to $14 billion within 6-12 months.
Potential of Spot ETF for XRP and Solana
JPMorgan suggests that, once approved, Spot ETFs for XRP and Solana could attract substantial investments. It is expected that XRP funds may gather between $4 and $8 billion, while Solana ETFs could raise between $3 and $6 billion.
Current ETF Leaders: Bitcoin and Ethereum
Despite the anticipated sums for XRP and Solana, they still fall short of the current ETF leaders, Bitcoin and Ethereum. Currently, Bitcoin-based ETFs have attracted $108 billion over a year, and Ethereum $12 billion over six months.
Regulatory Changes and Prospects
JPMorgan points out that regulatory changes, such as the appointment of a crypto-friendly SEC chairman may accelerate the approval of new ETFs. The industry has already filed applications for Spot ETFs for XRP, Solana, and Litecoin, emphasizing the drive for wider market accessibility.
Thus, JPMorgan forecasts a significant market shift in ETFs once new instruments for XRP and Solana are approved, possibly paving the way for more diversified investments in digital assets.