The bank has signaled a positive outlook for the Solana and XRP ETFs, building on the success of existing crypto ETFs in the US over the past year. This has led to a surge in SOL and XRP tokens, signaling an upcoming bull run.
Notably, this comes amid speculation that the Trump administration will greenlight new crypto ETFs that have been filed with the US Securities and Exchange Commission (SEC).
JPMorgan’s Forecast for Solana and XRP ETFs
According to JPMorgan, Solana and XRP ETFs could attract a total of around $15 billion in inflows within a year, based on the percentage of market capitalization that Bitcoin and Ether ETFs have achieved.
Specifically, in their first year, Bitcoin ETFs recorded about $108 billion in assets, equivalent to 6% of Bitcoin’s market capitalization. Similarly, Ether ETFs reached about $12 billion in assets, accounting for 3% of the market capitalization after six months of launch. JPMorgan applied the same ratio to predict inflows for Solana and XRP ETFs, coming up with figures of $3 billion to $8 billion for each fund.
Read more: MOVE Token Plummets Despite Raising $100 Million
Matthew Sigel also shared a similar view on the X platform with some community members, emphasizing that ETFs will be a “game changer” for SOL and XRP liquidity.
Notably, JPMorgan predicted a brighter future for SOL and XRP ETFs just days after CEO Jamie Dimon expressed skepticism about Bitcoin, despite the cryptocurrency receiving strong demand from the bank’s clients.