News - Ripple and Solana ETF's could attract $14 billion in the first year

By Mike Hesp

Ripple and Solana ETF's could attract $14 billion in the first year

Bitcoin ETFs recently celebrated their first anniversary after previously breaking several records. According to a new research report from U.S. bank JPMorgan, there is also great potential for XRP and Solana ETFs. Although crypto-ETFs would lag behind Bitcoin ETFs, the analysts write that "we see that SOL could attract about $3 billion to $6 billion in capital and XRP could receive $4 billion to $8 billion in new capital."

Since Donald Trump's election victory and the announcement of SEC Chairman Gary Gensler's resignation, the adoption of new Altcoin ETFs is considered realistic. This would likely benefit the prices of XRP and SOL, the third and sixth largest cryptocurrencies. On the crypto betting platform Polymarket the odds for an XRP ETF in 2025 are at 60 percent and for a Solana ETF at 74 percent. Recently, companies such as VanEck and Bitwise submitted the first applications for both products.

"When Bitcoin ETFs hit the market in January, I said publicly that it would only be a matter of time before we would see Ether ETFs, Solana ETFs and XRP ETFs," Ripple CEO Brad Garlinghouse emphasized back in October. At the time of writing, XRP is trading at $2.75, up 7.1 percent from the previous day. The price of Solana (SOL) stands at nearly $186, remaining virtually unchanged from the previous day.

Despite their optimistic forecast, JPMorgan analysts warn, "Apart from some primary tokens (BTC, ETH, SOL), the episodic nature of the crypto market is defined by fluctuating investor sentiment." Just yesterday, JPMorgan CEO Jamie Dimon again cited from to Bitcoin. While his associates speak of a new crypto era, their boss maintains a strict anti-crypto stance, including digital gold.

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