JPMorgan Chase Predicts XRP, Solana ETFs Will Attract up to $8,000,000,000 Each: Report
JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck’s head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total. “SOL & XRP exchange-traded products (ETPs) Could Attract $3-8bn Each: JPM ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within its first 6 months since launch. When applying these so-called “adoption rates” to SOL and XRP, we see SOL attracting roughly $3-6bn of new net assets and XRP gathering $4-8bn in net new assets.” Source: Matthew Sigel/X Last year, the chief executive of VanEck said that a Solana ETF could only be possible if the Republicans won the US Presidential Electi...