Solana, XRP ETFs could attract billions in new investment — JPMorgan
Emerging cryptocurrency-based exchange-traded products (ETPs) could attract substantial investment if approved, according to JPMorgan. Investors are optimistic about the approval of spot Solana (SOL) and spot XRP (XRP) ETFs, anticipating a more innovation-friendly regulatory environment in the US post-Trump's inauguration. JPMorgan estimates SOL could attract $3 billion - $6 billion and XRP $4 billion - $8 billion in net assets within six months of trading. The report notes that Bitcoin ETFs have a 6% adoption rate, while Ether ETFs have a 3% rate, but the demand for altcoins like SOL and XRP is less predictable. Several asset managers have applied for a Solana ETF, with the SEC expected to make preliminary decisions by late January 2025. Approval of these ETFs could significantly impact Solana's price, as current market expectations do not fully account for this potential outcome.
