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JPMorgan, viewing positively the adoption of Solana and XRP ETFs, stated that these assets have gained upward momentum.
While the cryptocurrency market has shown partial recovery after sharp declines earlier in the week, the American financial company JPMorgan shared its predictions for XRP and Solana ETPs. The financial institution expects a total of 15 billion dollars in inflows for both altcoins and bases its predictions on the past performance of Bitcoin and Ethereum.
Investment funds (ETP) and adoption rates are on the rise. Over the past year, Solana funds saw an inflow of 69 million dollars. JPMorgan expects that inflows into Solana will significantly increase, reaching 6 billion dollars, while XRP funds may experience an inflow of 8 billion dollars.
The financial company bases these predictions on percentage calculations of Bitcoin and Ethereum ETP inflows in relation to market value in previous years. It states that the inflows in various investment funds represented 6% of BTC’s total value. For Ethereum, this ratio was lower at around 3%. However, both assets have seen significant fund inflows, indicating an increase in adoption rates in the market.
In light of this data, JPMorgan believes that a total inflow of 15 billion dollars into Solana (SOL) and XRP ETPs could be possible. This signals a strong bullish expectation for both altcoins.
The Impact of Trump on ETF Applications
Last year, after Bitcoin and Ethereum ETFs, applications for Solana and XRP ETFs were made, but the process did not progress as expected. XRP’s legal uncertainties and the rejection of Solana’s applications were negative developments for the altcoins. However, Bloomberg analysts predict that under the Trump administration, ETF applications for both altcoins could be approved. Crypto experts, on the other hand, believe that ETF applications for Litecoin and Hedera may be accepted sooner.
With Trump’s inauguration and the change in the SEC chairman, the process is expected to accelerate. Meanwhile, the price of Solana has risen to 186 dollars, and XRP is trading above 2.5 dollars.
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