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

JPMorgan Predicts SOL and XRP ETPs May Attract $3–8 Billion

user avatar

by Giorgi Kostiuk

3 months ago


JPMorgan suggests that approval of new cryptocurrency-based ETPs, specifically for SOL and XRP, might draw substantial investments soon.

Significant Investor Interest in Cryptocurrency-based ETFs

Investors are anticipating the approval of the first exchange-traded funds (ETFs) based on cryptocurrencies SOL and XRP amid expectations of a more innovation-friendly regulatory regime in the U.S. following the inauguration of the new president. A January 13 report by JPMorgan suggested that these ETPs might outperform Ether-based ETFs within their first six months of trading.

Prospects and Uncertainties in the Altcoin Market

The potential for a SOL or XRP-based ETF has garnered significant investor interest, yet these projections are based on Bitcoin and Ether ETF adoption rates. Nevertheless, according to JPMorgan, altcoin demand is less stable, complicating projections for the success of new crypto-based ETPs.

Outside of a few primary tokens (BTC, ETH, SOL), the episodic nature of the crypto market is driven by varying investor sentiment and trendy new coins that may capture incremental attention for a limited time.JPMorgan

Timelines for SOL-based ETFs

Several major asset managers have submitted applications for a Solana ETF, including VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital. The U.S. Securities and Exchange Commission is expected to make preliminary decisions on these applications by late January 2025. Alejo Pinto, founder of Solana layer-2 network Lumio, stated that ETF approval could significantly affect Solana's price.

While the approval of new cryptocurrency-based ETFs may significantly impact the market, numerous uncertainties remain. Investors are watching for regulatory developments and preparing for potential changes in the crypto landscape.

0

Share

Other news

Success Secrets: How an Ethereum Trader Turned $250 into $20 Million with PEPE and What’s Next?

The Ethereum trader who made millions on PEPE announces a new AI-based meme token, FloppyPepe.

user avatarGiorgi Kostiuk

a few seconds ago

BTFD Coin Presale Ends May 26: 5 Cryptos to Watch for 1000x Potential

BTFD Coin presale ends on May 26. Explore 5 cryptocurrencies with high growth potential.

user avatarGiorgi Kostiuk

2 minutes ago

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

18 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

23 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

39 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

39 minutes ago

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.