AI Summary
- A new JP Morgan report has made a prediction that Solana and Ripple XRP ETPs would attract billions once approved by the US Securities and Exchange Commission.
- The report from JP Morgan highlights that the ETFs (exchange-traded funds) and ETPs (exchange-traded products) can attract $3 billion to $6 billion and $4 billion to $8 billion in net new assets.
- According to recent reports, after newly approved combined Bitcoin and Ethereum spot ETFs go live in early 2025, altcoins such as XRP, Solana, and HBAR may be up next for approvals. .
- With JP Morgan’s bullish XRP ETF predictions, time will tell if their $6 billion prediction will come true this year. .
A new JP Morgan report has made a prediction that Solana and Ripple XRP ETPs would attract billions once approved by the US Securities and Exchange Commission.
The report from JP Morgan highlights that the ETFs (exchange-traded funds) and ETPs (exchange-traded products) can attract $3 billion to $6 billion and $4 billion to $8 billion in net new assets.
The news comes as Trump aims to push pro-crypto executive orders upon taking office on January 20, 2025.
JP Morgan predicts billions for Ripple XRP and SOL ETFs
In a recent JP Morgan report, the firm predicted that Solana and XRP ETPs, once approved, would generate more revenue than Ethereum ETFs did during their first quarter.Â
Over the past year, multiple asset management firms have applied for Solana and XRP ETFs along with a range of altcoins including Hedera HBAR and Litecoin LTC.
21Shares, Canary Capital, Bitwise, and Greyscale Investments have all filed ETFs and ETPs for altcoins including Solana and Ripple’s XRP.Â
With Trump’s inauguration on January 20, POTUS has made it clear that there are plans to overthrow strict SEC policies and initiate growth in the cryptocurrency industry.
According to recent reports, after newly approved combined Bitcoin and Ethereum spot ETFs go live in early 2025, altcoins such as XRP, Solana, and HBAR may be up next for approvals.Â
XRP, HBAR, Solana ETF approvals in January?
Reports suggest that the SEC, now led by crypto-friendly chairperson Paul Atkins, will make preliminary decisions on new ETF approvals before the end of January 2025.
After XRP CEO Brad Garlinghouse met with President Trump last week, rumors of the SEC dismissing Ripple’s case and further efforts to improve Ripple’s standing with institutional firms have increased.Â
In December 2024, Bitcoin ETF inflows broke new records with weekly reported inflows totaling to $3.85 billion. With JP Morgan’s bullish XRP ETF predictions, time will tell if their $6 billion prediction will come true this year.Â
