• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

JPMorgan Predicts Multibillion Inflows for Solana and XRP ETFs

user avatar

by Giorgi Kostiuk

6 months ago


JPMorgan Chase has expressed optimism about the future of cryptocurrency ETFs for Solana and XRP, forecasting substantial growth contingent on approval from the U.S. Securities and Exchange Commission (SEC).

Projected Investment Surge in Crypto ETFs

JPMorgan estimates that new Solana and XRP ETFs could attract up to $14 billion in investments within their first year. Solana-focused ETFs are expected to draw between $3 billion to $6 billion, while XRP ETFs could see inflows ranging from $4 billion to $8 billion.

I think we will see one very soon.Ripple President, Monica Long

Current Market Position of Solana and XRP

Both Solana and XRP rank among the top 10 cryptocurrencies by market capitalization. Currently, Solana is trading at $186, reflecting a 5.3% increase, while XRP sits at $2.50, showing a 5% rise in the past 24 hours. Solana's technology can handle up to 50,000 transactions per second, making it a formidable competitor to Ethereum.

Success and Potential of Crypto ETFs

In recent years, cryptocurrency ETFs have gained significant traction. Bitcoin ETFs, for example, have amassed $110 billion in assets, accounting for 6% of Bitcoin's market capitalization. This underscores the vast growth potential for future crypto ETFs, especially for assets like Solana and XRP.

JPMorgan's forecasts for Solana and XRP ETFs indicate a promising future for cryptocurrencies as a mainstream investment avenue. The foreseeable transformation of the cryptocurrency market could be significantly influenced by the capital expected to flow with the launch of such ETFs.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Optical Cable Corporation: Significant Stock Jump Following Strategic Collaboration with Lightera

chest

Optical Cable Corporation's stock surged 47.51% in premarket trading following the announcement of a strategic collaboration with Lightera, LLC.

user avatarGiorgi Kostiuk

Metaplanet's Strategic Plans for Digital Bank Acquisition Using Bitcoin

chest

The Japanese firm Metaplanet plans to use its Bitcoin reserves to acquire a digital bank, potentially changing the country's financial landscape.

user avatarGiorgi Kostiuk

Low-Cost Index Funds: Key Aspects of Investment Strategies

chest

Low-cost index funds are gaining popularity due to their simplicity and efficiency, reflecting sustained demand for accessible investment alternatives.

user avatarGiorgi Kostiuk

Coinbase Hacker Back in Action: Ethereum Purchase and $2,700 Predictions

chest

The hacker who stole over $300 million from Coinbase has bought 4,863 ETH, raising expectations for Ethereum prices to reach $2,700.

user avatarGiorgi Kostiuk

Monumental AI Deal: CoreWeave Acquires Core Scientific

chest

CoreWeave has announced its $9 billion acquisition of Core Scientific, highlighting the increasing demand for AI capacity.

user avatarGiorgi Kostiuk

Token $BOOM: Key Details and Applications in the Boom Decentralized Protocol

chest

Today, the $BOOM token is unveiled as the main asset for rewards in the Boom ecosystem, operating on BNB Chain and Solana.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.