Crypto ETFs For SOL And XRP Could Attract Billions: JPMorgan

Crypto ETFs For Solana And XRP Could Attract Up To $14 Billion, JPMorgan Says

Updated: 14 January 2025

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Crypto ETFs (exchange-traded funds) based on altcoins such as Solana (SOL) and Ripple (XRP) could attract billions of dollars in new investment, according to banking giant JPMorgan.

“When applying these so-called “adoption rates” to SOL and XRP, we see SOL attracting roughly $3 billion – $6 billion of net assets and XRP gathering $4 billion -$8 billion in net new assets,” the bank said in a recent report.

New Crypto ETFs Could Lead To All-Time Highs For SOL And XRP

JPMorgan’s prediction comes shortly after the 1-year anniversary of the launch of spot Bitcoin ETFs in the US, which have recorded $35.94 billion in cumulative net inflows since their launch, according to data from Farside Investors.

It also comes amid growing anticipation that Donald Trump’s administration will encourage more crypto-friendly policies.

Should SOL and XRP ETFs get the greenlight and subsequently launch in the coming months, it could push the cryptos’ prices to new all-time highs. The influx of capital into Bitcoin through spot ETFs accounted for roughly 75% of new investment for the leading crypto in the last 12 months.

My 10 crypto-related ETF predictions for 2025…https://t.co/uDj1OCkaVQ pic.twitter.com/ye3zA2sinV

— Nate Geraci (@NateGeraci) January 11, 2025

Just over a month after the Bitcoin-focused funds launched, the crypto king was able to recapture the $50,000 mark on Feb. 15, 2024. BTC then went on to rise to a new peak of $108,268.45 on Dec. 17, 2024. Despite correcting more than 10% since, the crypto still trades above $96,000 as of 7:05 a.m. EST.

Altcoin ETF Adoption Still Uncertain

JPMorgan’s report was based on the adoption rates of Bitcoin and Ethereum ETFs, which have generated significant interest since their respective launches. The bank said in their report that cryptos “outside of a few primary tokens (BTC, ETH, SOL),” might not gain the same traction in the market due to their “limited depth.”

Several asset managers have already filed applications for Solana ETFs. Among the firms that have submitted applications are VanEck, Grayscale, 21Shares, Bitwise and Canary Capital. The US Securities and Exchange Commission (SEC) is expected to share preliminary decisions on these applications by the end of this month.