#SOL XRP ETP sees massive inflows#
Hot Topic Overview
Overview
JPMorgan expects exchange-traded products (ETPs) for Solana and XRP could attract close to $15 billion in net inflows. This prediction is based on the market capitalization and ETP flow performance of BTC and ETH. According to Matthew Sigel, Head of Digital Asset Research at VanEck, BTC ETPs reached $108 billion in AUM 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 within six months, representing 3% of its market cap ($395 billion). Using these adoption rates as a benchmark, 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 close to $1.6 billion, while XRP ETPs have AUM of $9.1 billion.
Ace Hot Topic Analysis
Analysis
JPMorgan expects exchange-traded products (ETPs) for Solana (SOL) and XRP to attract net inflows of nearly $15 billion. The forecast is based on the market capitalization and ETP flow performance of Bitcoin (BTC) and Ethereum (ETH). BTC ETP reached $108 billion in assets under management in its first year of trading, representing 6% of BTC's total market cap. Similarly, ETH ETP accumulated $12 billion in assets within six months, accounting for 3% of its market cap. Based on this benchmark, SOL ETP inflows could range from $3 billion to $6 billion, while XRP ETP inflows could be between $4 billion and $8 billion. Currently, SOL ETP has nearly $1.6 billion in assets under management, while XRP ETP holds $910 million. The net flows for both in 2024 are projected to reach $438 million and $69 million, respectively. JPMorgan's prediction suggests growing institutional interest in SOL and XRP, which will further drive the market share expansion of these two cryptocurrencies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL and XRP ETP are expected to attract a significant amount of capital inflows, with a total of approximately 15 billion USD expected.
This prediction is based on the market capitalization and ETP flow performance of BTC and ETH, and refers to the success cases of BTC and ETH ETP.
SOL ETP inflows are likely to range from 3 to 6 billion USD, while XRP ETP inflows are likely to range from 4 to 8 billion USD.
SOL and XRP ETP have enormous growth potential and are expected to continue attracting capital inflows in the coming years.