Crypto ETF approaching? Since the approval of Spot Bitcoin ETF In January 2024, institutional investors massively joined the cryptocurrency sector. A regulatory dynamic to which was added Ethereum a few months later. The opportunity to hope for more from these issuers of exchange-traded funds, now focused on projects like Solana (SOL) or Ripple (XRP). A market that could attract up to $13.6 billion according to JPMorgan analysts!
- The approval of spot Bitcoin ETFs in the United States is one of the crypto success stories of 2024.
- JPMorgan analysts estimate that opening this market to Solana (SOL) and Ripple (XRP) could attract up to $13.6 billion.
SOL and XRP spot ETFs: towards approval in 2025?
The US market for spot ETFs applied to the cryptocurrency sector stands out as one of the resounding successes of 2024. With starts that eclipse all other launches of its kind for these exchange-traded funds.
An opportunity for fund managers to hope approval of other financial vehicles applied to this ecosystem. With project names like Solana (SUN) et Ripple (XRP) which have already been whetting their appetites for several months.
Car this potential crypto ETF market was already estimated at $450 billion in May last year, by Bernstein analysts. And the reasons for hope a series of approvals in 2025 accelerate following the coming to power of Donald Trump.
“Progression of the ETF market beyond bitcoin and ether has been slow — if not stopped altogether — given the lack of regulatory clarity around altcoins, particularly at the SEC and CFTC. (…) New administration and a new SEC chairman open the door to new opportunities in cryptocurrency innovation”
JPMorgan
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A $13.6 billion market
A context that allows analysts at the investment bank JPMorgan to return to the charge on the subject. With the prospect of attracting up to $13.6 billion in these new kind of stock market investments applied to Solana and Ripple.
An estimate which concerns the first 12 months of operation of these still entirely hypothetical ETFs. With a fork included between $2.7 and $5.2 billion for the SOL cryptocurrency and 4.3 and 8.4 billion dollars for XRP.
A figure which may seem quite realistic, if we compare it to the $11.4 billion in capitalization currently recorded by the ETF Ethereum au compant. But JPMorgan analysts make it clear that this estimate may vary depending on regulatory developments and investor interest.
However, JPMorgan analysts expect “limited demand” compared to Bitcoin and Ethereum products. Obviously, if we consider that Bitcoin ETFs have attracted over $100 billion since their approval. A record that will not be equaled anytime soon!
