JPMorgan Chase: SOL and XRP ETP expected to attract nearly $15 billion net inflows
According to JPMorgan estimates, exchange-traded products (ETPs) for XRP and SOL could attract net inflows close to $15 billion. Matthew Sigel, head of digital asset research at VanEck, said the forecast takes into account the market cap and ETP flow performance of BTC and ETH.
BTC ETP reached $108 billion in its first year of trading, representing 6% of BTC's total market cap of $1.80 trillion. Similarly, ETH ETP accumulated $12 billion in assets in six months, representing 3% of its market cap ($395 billion). Using these adoption rates as a benchmark, SOL ETP inflows could be between $3 billion and $6 billion, while XRP ETP inflows could be between $4 billion and $8 billion.
According to a recent report from CoinShares, SOL ETP AUM is close to $1.60 billion and XRP ETP AUM is at $910 million, with net flows reaching $438 million and $69 million respectively in 2024.