Summary
- JP Morgan stated that Ripple and Solana Exchange Traded Products (ETPs) are expected to record net inflows of over $15 billion.
- According to Matthew Sigel, Solana ETPs have the potential to attract net inflows of $3 to $6 billion, while Ripple ETPs could see net inflows of $4 to $8 billion.
- Currently, Solana ETPs have recorded assets under management of $1.6 billion, while Ripple ETPs have recorded $910 million.
JP Morgan has given a positive assessment of the potential for Exchange Traded Products (ETPs) of Ripple and Solana (SOL).
According to CryptoSlate on the 14th (local time), JP Morgan predicted that "Ripple and Solana ETPs could record net inflows of over $15 billion."
In this regard, Matthew Sigel, head of digital asset research at VanEck, explained, "The Bitcoin ETP reached an asset size of $108 billion in its first year of trading, and the Ethereum ETP surpassed $12 billion in assets under management (AUM) within six months. Solana has the potential to attract inflows of $3 to $6 billion, while Ripple could see net inflows of $4 to $8 billion."
Meanwhile, according to a CoinShares report, Solana ETPs have recorded an AUM of approximately $1.6 billion, while Ripple has recorded an AUM of $910 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
