JPMorgan Breaks Silence on Solana and XRP ETF Possibilities

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JPMorgan’s recent comments suggest they may support Solana and Ripple ETFs, given the impressive performance of existing U.S. Crypto ETFs in just one year. This potential endorsement has sparked a surge of optimism for SOL and XRP tokens, hinting at an imminent price increase trend.

Additionally, this advancement occurs while there’s buzz about potential approval from Donald Trump’s government for newly proposed crypto ETFs that have been previously submitted to the United States Securities and Exchange Commission (SEC).

JPMorgan’s Report on SOL ETF and XRP ETF

According to predictions made by JPMorgan, Solana ETF and XRP ETF might potentially attract around $15 billion in investments over the course of a year. This estimation is derived from the amount of market capitalization that Bitcoin and Ethereum ETFs have reportedly achieved so far.

As an analyst, I observed that Bitcoin ETFs amassed approximately $108 billion in assets during their first year, accounting for roughly 6% of its total market capitalization. In a similar vein, Ethereum ETFs accumulated around $12 billion in assets within six months of launch, representing about 3% of the market cap. Taking cues from this adoption rate, JPMorgan projected that Solana and XRP ETFs could potentially gather between $3 billion to $8 billion each.

Matthew Sigel, once more, echoed similar thoughts alongside some fellow community members. He publicly expressed his viewpoint, labeling ETFs as a significant catalyst for the enhanced liquidity of SOL and XRP.

It’s worth noting that just days after JPMorgan’s CEO, Jamie Dimon, voiced his doubts about Bitcoin, the company has predicted a more promising outlook for SOL and XRP ETFs. Despite a strong client interest in Bitcoin, Dimon remains skeptical.

Performance of Bitcoin and Ether ETFs

Over the past year for Bitcoin (12 months) and about 6 months for Ethereum, Spot Bitcoin ETFs and Spot Ether ETFs have shown strong performance since their debuts. The total amount of money flowing into these ETFs is impressive – $35.9 billion for Bitcoin and $2.4 billion for Ethereum, as indicated by data from Farside Investors.

As a researcher, I’m observing that BlackRock is at the forefront of investment inflows for both Bitcoin (BTC) and Ethereum (ETH). Specifically, they have reported an accumulation of approximately $37.6 billion in their Spot Bitcoin Exchange-Traded Fund (ETF), along with a $3.6 billion inflow in their Spot Ether ETF.

On January 13th, there were withdrawals totaling $284.1 million from Bitcoin ETFs and $39.4 million from Ethereum ETFs, in that specific order. This marked the third consecutive day that these major U.S. crypto ETFs experienced outflows. However, optimism for crypto ETFs remains high as it’s expected that the Trump Administration will actively engage with them starting from day one.

SOL and XRP Price Performance

The increase in the value of Solana and Ripple tokens is currently being observed, as JPMorgan’s prediction points towards a positive future for the exchange-traded funds (ETFs) associated with these digital assets.

I’ve observed a notable increase: SOL’s price has risen by approximately 2% over the past 24 hours, currently sitting at around $185.81. Furthermore, there’s been an impressive surge of about 156.75% in its 24-hour trading volume. Interestingly, open interest has seen a moderate decrease of roughly 4.65%, according to Coinglass.

The cost of XRP has risen over 2%, currently hovering around $2.53. Additionally, its 24-hour trading volume has experienced a significant boost of about 71.65%, and the open interest has slightly escalated by 0.30%.

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2025-01-14 10:46