JPMorgan Predicts Solana & XRP ETF Market Could Reach US$14 Billion! Check out the Interesting Projections

Crypto News - Posted on 15 January 2025 Reading time 5 minutes

Illustration of XRP and Solana

DIGIVESTASI - JPMorgan Optimistic About the Potential of XRP and Solana ETFs

JPMorgan has shown optimism regarding the potential of XRP and Solana ETFs. In its latest report, the company’s analysts predict that an XRP ETF could generate between USD 6 billion and USD 8 billion within 6 to 12 months. A similar study also estimates that a Solana ETF has the potential to generate between USD 3 billion and USD 6 billion over the same period.

 

JPMorgan has long been monitoring major trends in the crypto market. Last year, the firm revealed substantial holdings in Bitcoin ETFs and aimed to lead the tokenization of Real World Assets (RWA), among various other initiatives.

 

Although XRP and Solana do not yet have ETFs, the company sees significant potential, particularly after Ripple CEO Brad Garlinghouse stated several months ago that an XRP ETF was almost certain to come to fruition. Despite some challenges with the SEC, many leading issuers remain optimistic about the approval.

 

In October 2024, Canary Capital and Bitwise filed their applications, followed by WisdomTree in December. JPMorgan highlights this interest as a key reason why an XRP ETF holds strong potential.

 

The Solana ETF also has strong foundations, although it has faced more setbacks compared to XRP. However, several major institutions continue to show support for it. Additionally, in early 2025, Polymarket indicated significant chances for the approval of a Solana ETF in the near future.

 

JPMorgan has expressed confidence regarding the approval of altcoin ETFs, referring to the electoral victory of Donald Trump, which could bring about significant changes. Trump is expected to appoint an SEC chair who is more pro-industry and create a "crypto czar" position to advocate for the crypto community’s interests. With the growing pro-crypto sentiment, JPMorgan predicts that the XRP and Solana ETFs will eventually receive approval.

Source: id.beincrypto.com

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