JPMorgan: SOL and XRP ETPs Expected to Attract Nearly $15 Billion in Net Inflows

BlockBeats News, January 14th, according to JPMorgan's estimate, the exchange-traded products (ETPs) for XRP and SOL may attract nearly $15 billion in net inflows. VanEck's Director of Digital Asset Research, Matthew Sigel, stated that this forecast takes into account the market capitalization of BTC and ETH and ETP flow performance.

The BTC ETP reached a $108 billion AUM in its first year of trading, representing 6% of BTC's total market cap of $1.8 trillion. Similarly, the ETH ETP accumulated $12 billion in assets within six months, representing 3% of its market cap ($395 billion). Using these adoption rates as a benchmark, the inflow into SOL ETP could range between $3 billion and $6 billion, while the inflow into XRP ETP could range between $4 billion and $8 billion.

According to a recent report by CoinShares, SOL ETP AUM is close to $1.6 billion, and XRP ETP AUM has reached $910 million, with their net flows expected to reach $438 million and $69 million, respectively, by 2024. (CryptoSlate)