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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

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.