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The Defiant 2025-01-14 14:30:13

JPMorgan Forecasts Solana and XRP ETPs Could Attract $3-$8 Billion and $4-$8 Billion, Trading at $185.81 and $2.53

JPMorgan Forecasts Solana and XRP ETPs Could Attract $3-$8 Billion and $4-$8 Billion, Trading at $185.81 and $2.53

JPMorgan Chase has forecasted that exchange-traded products (ETPs) for Solana and XRP could attract between $3 billion and $8 billion in net inflows if approved by the SEC. The bank's estimates suggest that Solana could draw $3 billion to $6 billion, while XRP could see inflows of $4 billion to $8 billion. This prediction comes amid a growing interest in crypto ETFs, particularly following the success of Bitcoin and Ethereum products, which have already secured billions in investments. Currently, Solana is trading at $185.81, up 2%, and XRP is at $2.53, also up 2%. Trading volumes for both cryptocurrencies have surged, with Solana's volume increasing by 156% and XRP's by 71%. The SEC is expected to make decisions regarding these ETPs by late January 2025. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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