According to a recent JPMorgan report, newly launched investment products focusing on Solana (SOL) and XRP could potentially outshine established exchange-traded funds (ETFs) that provide exposure to Bitcoin and Ethereum during their initial trading months.
According to Cointelegraph’s report, it emphasizes the unpredictable pattern of investor enthusiasm towards altcoins. This is due to the fact that the fluctuations in the crypto market are influenced by shifting investor opinions and novel coins that grab temporary focus for a brief period.
The report indicates that shallow tokens may struggle to maintain a profitable exchange-traded product, despite potentially drawing substantial investments during the initial months.
JPMorgan analysts believe that Solana-based exchange-traded products could potentially amass between $3 billion and $6 billion in assets, while XRP exchange-traded products might attract up to $8 billion. These forecasts are based on the assumption that the adoption rates will be similar to those of bitcoin and ether spot funds.
By the end of this month, it’s anticipated that the U.S. Securities and Exchange Commission (SEC) will make decisions on multiple Solana ETF proposals. Several investment managers, including VanEck, Grayscale, 21Shares, Canary Capital, and Bitwise, have submitted applications to launch these funds based on Solana.
Read More
- 30 Best Couple/Wife Swap Movies You Need to See
- PENGU PREDICTION. PENGU cryptocurrency
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- Clair Obscur: Expedition 33 ending explained – Who should you side with?
- The Last Of Us Season 2 Drops New Trailer: Premiers April On Max
- Netflix’s ‘You’ Season 5 Release Update Has Fans Worried
- ANDOR Recasts a Major STAR WARS Character for Season 2
- In Conversation With The Weeknd and Jenna Ortega
- Scarlett Johansson’s Directorial Debut Eleanor The Great to Premiere at 2025 Cannes Film Festival; All We Know About Film
- All Hidden Achievements in Atomfall: How to Unlock Every Secret Milestone
2025-01-14 20:35