According to a report from “The Block,” analysts at JPMorgan believe that if the new Solana and XRP exchange-traded funds (ETFs) are approved, they could attract up to $13.6 billion in capital within the first 6 to 12 months.
According to a research report shared with The Block on Tuesday by JPMorgan analysts, Solana-related fund products are estimated to attract between $2.7 billion and $5.2 billion, while XRP ETFs could bring in $4.3 billion to $8.4 billion, depending on regulatory progress and investor interest.
Issuers such as VanEck, 21Shares, Bitwise, WisdomTree, and Canary Capital are planning to launch various altcoin ETFs later this year. However, analysts pointed out that “applications for tokens like SOL, XRP, HBAR, Litecoin (LTC), etc. have not yet received attention from the SEC,” but the new SEC chairman may provide confirmation within the next three to six months.
Although the launch of SOL and XRP funds would be beneficial for their respective token ecosystems, JPMorgan analysts anticipate that the impact of the “next wave of cryptocurrency” ETFs will not be as significant as the first wave, and the demand will be limited compared to Bitcoin and Ethereum-based fund products.
Related report: “Bloomberg ETF analyst predicts more cryptocurrency ETF approvals next year.”