According to an estimate by JPMorgan, exchange-traded products (ETPs) for XRP and Solana (SOL) could attract more than $15 billion in net inflows.
Matthew Sigel, head of digital assets research at VanEck, common that the forecast takes into account the performance of Bitcoin (BTC) and Ethereum (ETH) in relation to their market capitalization and ETP flows.
Bitcoin ETPs reached $108 billion in assets in their first year of trading, representing 6% of BTC’s total market capitalization of $1.8 trillion. Similarly, Ethereum ETPs achieved a 3% penetration rate in six months, accumulating $12 billion in assets compared to ETH’s $395 billion market cap.
Using these adoption rates as a benchmark, SOL could see inflows between $3 billion and $6 billion, while XRP could attract between $4 billion and $8 billion.
ETFs are not close
According to a recent CoinShares report, Solana-related ETPs hold nearly $1.6 billion in assets under management (AUM).. Meanwhile, XRP products have assets of $910 million.
Meanwhile, net flows for their ETPs reached $438 million and $69 million, respectively, in 2024.
Although the approval of exchange-traded funds (ETFs) indexed to both assets could increase their total assets under management, the chances of such an outcome in the United States are currently low.
Bloomberg ETF analysts James Seyffart and Eric Balchunas recently highlighted that President-elect Donald Trump’s administration could favor new approvals.
However, ETFs linked to Litecoin (LTC) and Hedera (HBAR) are more likely to be approved first. LTC is a fork of Bitcoin, meaning it is likely to be classified as a commodity, while HBAR has never been targeted by regulators and is unlikely to be classified as a security.
Meanwhile, SOL and XRP are receiving different treatment. The United States Securities and Exchange Commission (SEC) recently rejected ETFs linked to Solana, while Ripple Labs is still fighting with the regulator over whether XRP should be considered a security.
Although Bloomberg analysts predict a wave of new ETFs this year, XRP and SOL products could be delayed.
