JPMorgan: SOL and XRP ETFs could attract billions of dollars in new funds

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ODAILY
01-14
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Odaily Odaily News Investment banking giant JPMorgan Chase said that emerging cryptocurrency-based exchange-traded products (ETPs) could attract a large amount of new investment if approved. The bank believes that when these so-called "adoption rates" are applied to SOL and XRP, SOL is expected to attract about $3 billion to $6 billion in net new assets, while XRP may attract $4 billion to $8 billion in net new assets. Investors are currently looking forward to U.S. exchange-traded funds (ETFs) because the United States will implement a more innovation-friendly regulatory system after President-elect Donald Trump takes office on January 20. (Cointelegraph)

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