JPMorgan predicts that crypto ETFs based on altcoins like Solana and Ripple could attract billions in new investments.
Potential Investments in SOL and XRP
According to JPMorgan's report, applying "adoption rates" to SOL and XRP could see SOL attracting between $3 billion and $6 billion in new assets, and XRP garnering $4 billion to $8 billion.
Bitcoin ETF Success Story
JPMorgan's prediction comes shortly after the first anniversary of the launch of spot Bitcoin ETFs in the US, which recorded $35.94 billion in cumulative net inflows. Within a month of these funds' launch, Bitcoin was able to reclaim the $50,000 mark.
Uncertainty in Altcoin ETF Adoption
JPMorgan's report was based on the adoption rates of Bitcoin and Ethereum ETFs, which have generated substantial interest. However, cryptocurrencies beyond these primary tokens may not gain the same traction due to their 'limited depth'. Several asset managers have already applied for Solana ETFs.
While Solana and Ripple could see significant investments through new crypto ETFs, it remains uncertain if other altcoins will achieve similar success in the constrained market.
