JPMorgan: SOL and XRP ETPs are expected to attract nearly $15 billion in net inflows

ChainCatcher news, JPMorgan stated that the exchange-traded products (ETP) for XRP and SOL could attract nearly $15 billion in net inflows. Matthew Sigel, head of digital asset research at VanEck, indicated that this forecast takes into account the market capitalization of BTC and ETH as well as the performance of ETP flows.

The BTC ETP reached an asset management scale of $108 billion in its first year of trading, accounting for 6% of BTC's total market capitalization of $1.8 trillion. Similarly, the ETH ETP accumulated $12 billion in assets within six months, representing 3% of its market capitalization ($39.5 billion). Based on these adoption rates, the inflows for the SOL ETP could range between $3 billion and $6 billion, while the inflows for the XRP ETP could range between $4 billion and $8 billion.

According to a recent report by CoinShares, the SOL ETP AUM is close to $1.6 billion, and the XRP ETP AUM stands at $910 million, with net flows for both reaching $438 million and $69 million respectively in 2024.