JPMorgan predicts XRP, Solana ETFs could attract $13.6 billion in Year One – If approved
JPMorgan predicts XRP, Solana ETFs could attract $13.6 billion in Year One – If approvedJPMorgan’s recent optimistic outlook on the potential approval of Solana [SOL] and XRP ETFs has sparked widespread excitement among enthusiasts. Following the success of Bitcoin and Ethereum ETFs, the banking giant’s statements suggest that these altcoins could soon gain institutional recognition.Both Solana and XRP have already made notable strides in the market, but the approval of an ETF could further propel them into the mainstream, drawing attention from both institutional investors and retail traders. This development could significantly impact the future of Solana and XRP, potentially driving their adoption and boosting market demand.JPMorgan’s recent report highlighted the potential for Solana and XRP exchange-traded products [ETPs] to outperform Spot Ether [ETH] ETFs in their initial six months of trading. The banking giant projected that SOL could attract between $3 billion and $6 billion in net assets, while XRP could see $4 billion to $8 billion in new investments.This projection is based on expectations of a more innovation-friendly regulatory environment in the U.S following President-elect Donald Trump’s inauguration on 20 January. If approved, these ETPs could play a pivotal role in driving further institutional adoption and mainstream recognition for both Solana and XRP.