Solana and XRP ETFs: JPMorgan predicts billion-dollar injection into the cryptocurrency market
The cryptocurrency ETF market continues to expand, and anticipation surrounding the approval of exchange-traded funds (ETFs) for Solana (SOL) and XRP has generated great enthusiasm. Recently, JPMorgan analysts released optimistic projections about the potential for raising funds from these funds, which reignited the debate about the future of these digital assets. In a scenario where Bitcoin and Ethereum ETFs have already demonstrated success, the arrival of new ETFs could represent a milestone for the institutional adoption of cryptocurrencies.
Matthew Sigel, head of digital asset research at VanEck, shared Recently, on X, JPMorgan's predictions highlighted the impact that these ETFs could have on the market. The analysis is based on the performance of Bitcoin and Ethereum ETFs, which serve as a reference to estimate the fundraising potential of SOL and XRP ETFs.
Bitcoin ETFs, with assets of around $108 billion, account for 6% of Bitcoin’s total market cap, which reached $1,85 trillion just one year after the ETFs launched in the US. Ethereum ETFs, with assets of $12 billion, have a penetration rate of 3% of ETH’s market cap, currently at $373 billion. It is worth noting that Ethereum ETFs were launched approximately six months ago, which suggests even greater growth potential.
Based on this data, JPMorgan estimates that Solana ETFs could attract between $3 and $6 billion in new net assets. For XRP ETFs, the projection is even more optimistic, with an estimated $4 to $8 billion in new assets. These figures demonstrate the bank’s confidence in the growth potential of these assets and the interest of institutional investors in diversifying their portfolios with cryptocurrencies.
Source: TradingView/JPMorgan
ETF approval for Solana and X PR can represent an important catalyst for the crypto market, expanding access to these assets for traditional investors who prefer the convenience and security offered by exchange-traded funds. In addition, the entry of new resources can boost the development of ecosystems around SOL and XRP, strengthening their respective technologies and use cases.
Cryptocurrency ETFs boom with 50 expected to launch in 2025
The cryptocurrency market is constantly evolving, and predictions for 2025 point to a year of great transformation, especially when it comes to exchange-traded funds (ETFs). Nate Geraci, president of the ETF Store and an influential voice in the industry, designs exponential growth for cryptocurrency ETFs, with the launch of at least 50 new products and significant milestones that could redefine the investment landscape.
One of Geraci’s most impactful predictions is that spot Bitcoin ETFs are set to surpass physical gold ETFs in asset size. This milestone would represent a significant step forward for digital assets, cementing their presence in the traditional investment market and demonstrating the growing acceptance of cryptocurrencies as a viable alternative.
In addition, Geraci envisions the approval of spot ETFs linked to other cryptocurrencies, such as Solana and XRP, although he acknowledges that regulatory hurdles may delay their debuts. In addition, Ethereum is also expected to gain more space in the ETF market. The trading of spot options for Ethereum ETFs is expected to be approved in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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