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

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ODAILY
01-14
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Odaily reports that according to JPMorgan's estimates, the exchange-traded products (ETPs) of XRP and SOL could attract net inflows of nearly $15 billion. VanEck's head of digital asset research, Matthew Sigel, said the forecast takes into account the market capitalization and ETP flow performance of BTC and ETH. The BTC ETP reached $108 billion in assets under management (AUM) in its first year of trading, accounting for 6% of BTC's total market cap of $1.8 trillion. Similarly, the ETH ETP accumulated $12 billion in assets within six months, accounting for 3% of its market cap ($395 billion). Based on these adoption rates, the inflows to the SOL ETP could be between $3 billion and $6 billion, while the inflows to the XRP ETP could be between $4 billion and $8 billion. According to a recent CoinShares report, the SOL ETP's AUM is close to $1.6 billion, and the XRP ETP's AUM is $910 million, with net flows of $438 million and $69 million, respectively, expected to be reached by 2024.

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