Solana, XRP ETFs Could Outperform Ethereum ETFs, Says JPMorgan
Banking giant JPMorgan forecasts significant investments in Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: ETH) ETFs in their initial six months.
JPMorgan Breaks Silence on Solana and XRP ETF Possibilities
JPMorgan has forecasted an inflow of $3 billion to $8 billion for Solana and XRP ETFs, each. SOL and XRP prices rise amid this forecast.
Solana, XRP ETFs may attract billions in new investment — JPMorgan
SOL and XRP ETPs may attract up to $8 billion of new investment in the underlying cryptocurrency despite uncertain demand from altcoin investors, according to JPMorgan.
JPMorgan projects $3–$8 billion inflows for potential XRP ETF
JPMorgan, a leading global financial institution, has estimated that a spot-based XRP ETF may see flows of $3 billion and $8 billion. The financial giant based this approximation on the performance of Bitcoin and Ethereum ETFs that started in the market last year.
JPMorgan Says Altcoin-ETF Inflows May Be as High as $14 Billion
JPMorgan Chase & Co. analysts estimate that a proposed batch of exchange-traded funds holding alternative cryptocurrencies may attract inflows of as much as $14 billion should they get approved by the US Securities and Exchange Commission.
Crypto ETFs For Solana And XRP Could Attract Up To $14 Billion, JPMorgan Says
Join Our Telegram channel to stay up to date on breaking news coverage Crypto ETFs (exchange-traded funds) based on altcoins such as Solana (SOL) and Ripple (XRP) could attract billions of dollars in new investment,
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