The U.S. Securities and Exchange Commission (SEC) is gearing up to decide on multiple applications for Solana (SOL-USD) and XRP (XRP-USD) exchange-traded funds (ETFs) by the end of January. Heavy hitters like Grayscale, VanEck, and Bitwise are waiting to hear if their proposals will get the green light. If approved, these ETFs could draw billions in investments, according to a JPMorgan report shared with Cointelegraph. The report estimates that Solana ETFs could pull in $3–$6 billion, while XRP ETFs might attract $4–$8 billion within their first six months.
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JPMorgan Predicts Big Numbers for Solana and XRP
JPMorgan’s analysis is based on adoption rates from previous Bitcoin and Ethereum ETFs, which performed strongly after launch. Bitcoin ETFs brought in 6% of Bitcoin’s market cap, and Ethereum ETFs saw 3% during their debut months. However, the bank noted that altcoin demand is more unpredictable, making these projections less certain. “Outside of BTC, ETH, and SOL, the crypto market is driven by investor sentiment and trends,” the report stated.
Solana Could See a Price Boost
With Grayscale’s application facing a deadline on January 23, the stakes are high. Alejo Pinto, founder of Solana-based Lumio, said, “An ETF approval in the U.S. would have a positive price impact on Solana since the probability is low and not yet priced in.”
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