#SOL XRP ETP Inflows Exceed 100 Billion#
Hot Topic Overview
Overview
JPMorgan expects exchange-traded products (ETPs) for SOL and XRP to attract net inflows of nearly $15 billion. The forecast is based on the market capitalization and ETP flow performance of BTC and ETH. Using the ETP adoption rate of BTC and ETH as a benchmark, SOL ETP inflows could range from $3 billion to $6 billion, while XRP ETP inflows could range from $4 billion to $8 billion. Currently, SOL ETPs have assets under management (AUM) of close to $1.6 billion, while XRP ETPs have AUM of $910 million. Net inflows for both in 2024 are $438 million and $69 million, respectively.
Ace Hot Topic Analysis
Analysis
JPMorgan expects exchange-traded products (ETPs) for Solana (SOL) and XRP 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 ETP reached $108 billion in assets under management (AUM) in its first year of trading, representing 6% of BTC's total market cap. Similarly, ETH ETP accumulated $12 billion in assets in six months, representing 3% of its market cap. Using these adoption rates as a benchmark, SOL ETP inflows could range between $3 billion and $6 billion, while XRP ETP inflows could be between $4 billion and $8 billion. Currently, SOL ETP has AUM of nearly $1.6 billion, while XRP ETP has AUM of $910 million, with net inflows of $438 million and $69 million, respectively, in 2024. JPMorgan's forecast suggests that institutional investors are increasingly interested in SOL and XRP, which will drive the development of ETPs and potentially bring greater liquidity and recognition to these two cryptocurrencies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL and XRP ETP are expected to attract significant inflows, with the total expected to reach close to $15 billion.
JPMorgan's forecast is based on the historical performance of BTC and ETH ETPs, with SOL and XRP ETPs expected to see inflows of $3 billion to $6 billion and $4 billion to $8 billion, respectively.
The inflows into SOL and XRP ETPs are correlated with the adoption rate of BTC and ETH ETPs, with SOL ETP inflows expected to represent about 1% to 2% of its market capitalization and XRP ETP inflows expected to represent about 1% to 2% of its market capitalization.
Currently, the AUM of SOL ETP is close to $1.6 billion, while XRP ETP's AUM is $910 million. The net flows of both are expected to reach $438 million and $69 million, respectively, in 2024.