JPMorgan analysts predict exchange-traded products (ETPs) for Solana (SOL) and XRP could attract over $15 billion in net inflows, based on adoption patterns seen with Bitcoin and Ethereum products.
The forecast draws parallels to Bitcoin ETPs, which accumulated $108 billion in assets during their first year, representing 6% of BTC's market capitalization. Ethereum products similarly captured 3% of ETH's market cap within six months.
Using these benchmarks, JPMorgan projects Solana could see $3-6 billion in inflows, while XRP products may draw $4-8 billion. Currently, Solana ETPs manage approximately $1.6 billion in assets, with XRP products holding $910 million.
However, the path to fully realizing this potential faces regulatory hurdles in the United States. The SEC recently rejected Solana-based ETFs, while Ripple Labs continues its legal battle over XRP's classification as a security.
Market analysts James Seyffart and Eric Balchunas from Bloomberg note that while new crypto ETF approvals may accelerate under a potential Trump administration, other assets like Litecoin and Hedera could receive the green light first.
Recent data shows growing investor interest, with XRP products attracting $41 million in new investments and Solana products drawing $15 million in early 2024. These flows suggest increasing market appetite for cryptocurrency investment vehicles, despite regulatory uncertainty.
The projections come as traditional financial institutions expand their presence in digital assets, reflecting broader institutional adoption of cryptocurrency investments through regulated products.