As a crypto enthusiast, I’m thrilled by the predictions made by banking titan JPMorgan. They foresee that an XRP spot-based Exchange Traded Fund (ETF) might draw in substantial investments, potentially ranging between $3 billion and $8 billion. This could be a significant boost for the XRP market!
The estimation has been made considering the track record of the Bitcoin and Ethereum Exchange-Traded Funds (ETFs) introduced the previous year.
Approximately 8% of Bitcoin’s overall value, which is about $1.81 trillion, is held in ETFs. On the other hand, Ethereum ETFs have a significantly smaller presence, accounting for only around 3%.
Notably, JPMorgan also expects Solana ETFs to perform on a similar level.
According to a report from U.Today, Monica Long at Ripple predicts that XRP might be the next cryptocurrency to gain traction after the launch of products tracking Bitcoin and Ethereum.
In the United States, several companies are currently competing to introduce an Exchange Traded Fund (ETF) based on XRP. Among them are Bitwise, WisdomTree, and a number of other potential candidates.
Last week, one of the leading ETF analysts, Nate Geraci, forecasted that an XRP-focused ETF could secure approval before the end of this year.
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2025-01-13 20:48