#SOL and XRP ETPs attract $15 billion in assets.#

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Overview

JPMorgan expects exchange-traded products (ETPs) for XRP and SOL to attract net inflows of close to $15 billion. The forecast is based on the market capitalization and ETP flow performance of BTC and ETH. Based on the adoption rate of BTC and ETH ETPs, SOL ETP inflows could be between $3 billion and $6 billion, while XRP ETP inflows could be between $4 billion and $8 billion. Currently, SOL ETPs have assets under management of close to $1.6 billion, while XRP ETPs have $910 million under management. Net flows are projected to reach $438 million and $69 million for SOL and XRP ETPs, respectively, in 2024.

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Analysis

JPMorgan expects exchange-traded products (ETPs) for XRP and SOL to attract net inflows of nearly $15 billion. This forecast is based on the market capitalization and ETP flow performance of BTC and ETH. BTC ETPs reached $108 billion in assets under management in their first year of trading, representing 6% of BTC's total market cap of $1.8 trillion. Similarly, ETH ETPs accumulated $12 billion in assets in six months, representing 3% of its market cap ($395 billion). Using these adoption rates as benchmarks, SOL ETP inflows could be between $3 billion and $6 billion, while XRP ETP inflows could be between $4 billion and $8 billion. Currently, SOL ETPs have AUM of close to $1.6 billion, while XRP ETP AUM is $910 million, with net inflows of $438 million and $69 million for both in 2024, respectively. JPMorgan's forecast suggests that institutional investor interest in SOL and XRP is on the rise, which will drive further growth in the ETP market for both cryptocurrencies.

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Classic Views

SOL and XRP ETP are expected to attract significant inflows, with a total estimated amount close to $15 billion.

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JPMorgan's prediction is based on the historical performance of BTC and ETH ETPs, suggesting that SOL and XRP ETPs will have similar adoption rates.

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The inflow volume for SOL ETP could be between $3 billion and $6 billion, while the inflow volume for XRP ETP could be between $4 billion and $8 billion.

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The inflow of funds into SOL and XRP ETPs will drive their market capitalization growth and potentially attract more investors to participate.

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