JPMorgan Forecasts: Solana and XRP ETFs to Attract Significant Investments

by Giorgi Kostiuk

a year ago

JPMorgan analysts are confident in significant inflows into Solana (SOL) and XRP through Exchange Traded Funds (ETFs).

JPMorgan Inflow Forecast

JPMorgan analysts believe that the launch of Solana and XRP ETFs could significantly increase investments in these projects. Specifically, it is expected that Solana could attract between $3 to $6 billion, and XRP could attract between $4 to $8 billion in new net assets.

ETF assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn).Matthew Sigel

Prospects of Approval of Crypto ETF Products

Major investment managers like Bitwise, Canary Capital, and WisdomTree have already filed for XRP ETFs, supporting Ripple's leadership's predictions about the growing interest in these products. Despite the current uncertain status of ETFs in the US, Ripple executives are confident about a positive outcome.

Implications For Price

The potential approval of an XRP ETF could positively impact its value. At the time of writing, XRP was trading at $2.53, showing a slight increase of 0.42%. Solana was trading at $181.76 with a slight dip, but price growth is expected in the future due to positive analyst forecasts.

Analysts and experts express confidence that the launch of ETFs for Solana and XRP could attract significant investments and positively impact the cryptocurrency market.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Potential Changes in Bitcoin Derivatives Markets Following CLARITY Act

Market expert MartyParty highlights that the CLARITY Act could lead to significant changes in Bitcoin derivatives markets, enhancing CFTC authority and encouraging institutional participation.

Zainab Kamara2 hours ago

Crypto Investment Funds Face Continued Outflows Amid Market Slowdown

Crypto investment funds have faced a fifth consecutive week of net outflows, totaling approximately $4 billion over five weeks, with a significant decline in trading activity.

Ayman Ben Youssef4 hours ago

Blockchain Association Unveils New Tax Principles for Digital Assets

The Blockchain Association has introduced a framework to guide lawmakers on digital asset taxation as discussions around the CLARITY Act continue.

Son Min-ho4 hours ago

Market Leverage Ratio Declines, Indicating Reduced Speculative Positioning

The Estimated Leverage Ratio in the crypto derivatives market has sharply declined, suggesting a reduction in speculative positioning and a calmer market environment.