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JPMorgan gave positive signals about the adoption of Solana ETF and XRP ETF. Considering the success of current US Crypto ETFs in the past year, it noted that SOL and XRP tokens have gained upward momentum and are indicators of an upcoming rally.
JPMorgan predicts that Solana ETF and XRP ETF together could provide an entry worth about $15 billion. This estimate is based on a portion of the market value of Bitcoin at $96,582.0 and Ether ETFs.
JPMorgan aims to achieve a final figure between 3 billion and 8 billion dollars for each, by adjusting the adoption rate of Solana ETF and XRP ETF to the rate of Bitcoin and Ether ETFs.
Performance of Bitcoin and Ether ETFs
Since their launch, Spot Bitcoin ETFs and Spot Ether ETFs have performed well. According to Farside Investors data, historical total inflows for Spot Bitcoin ETFs and Spot Ether ETFs were recorded at $35.9 billion and $2.4 billion, respectively.
BlackRock is leading the inflows for both ETFs. The company has seen inflows of $37.6 billion for the Spot Bitcoin ETF and $3.6 billion for the Spot Ether ETF.
SOL and XRP Price Performance
After JPMorgan's positive outlook for SOL and XRP ETFs, Solana and Ripple's $2.6 tokens gained value.
SOL rose to about $185.81, an increase of 2% in the last 24 hours. The 24-hour trading volume increased by 156.75%, while there was a 4.65% decrease in open positions.
The XRP price is trading at around $2.53, an increase of over 2% during the same period. The 24-hour trading volume has increased by 71.65%, while open positions have risen by 0.30%.
As the Trump Administration is expected to approve new crypto ETFs submitted to the SEC, confidence in crypto ETFs continues.
In light of economic indicators and market dynamics, JPMorgan's evaluations on Solana and XRP ETFs may have an impact on the future performance of these crypto assets. Investors continue to closely monitor market trends while assessing the potential of SOL and XRP in parallel with the success of existing ETFs.