JPMorgan Forecasts $3B-$8B for XRP ETF
JPMorgan, a major banking institution, has forecasted that a spot-based XRP exchange-traded fund (ETF) could draw significant investments, potentially between $3 billion and $8 billion. This estimate is based on the success of Bitcoin and Ethereum ETFs launched last year. Currently, ETFs represent about 8% of Bitcoin’s market cap, which is valued at $1.81 trillion. In contrast, Ethereum ETFs have a smaller share, making up only about 3% of Ethereum’s market cap.
Also Read: What is XRP (Ripple)? How does it work and its use cases?
JPMorgan Predicts Solana ETFs Success, XRP ETF Approval Likely This Year
JPMorgan also expects Solana ETFs to perform similarly to Bitcoin and Ethereum ETFs. According to U.Today, Ripple’s Monica Long believes XRP will be the next cryptocurrency to have an ETF approved after those for Bitcoin and Ethereum. Several companies, including Bitwise, WisdomTree, and others, are competing to launch an XRP ETF in the U.S. Recently, Nate Geraci, a leading ETF analyst, predicted that a spot XRP ETF will likely be approved this year.
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