JP Morgan, a $2.7 trillion global financial services firm, has predicted that many altcoin exchange-traded funds (ETFs) will be approved by the U.S. Securities and Exchanges Commission (SEC) in 2025. The firm’s analysts also added that investors could invest about $14 billion in the soon-to-be-approved ETFs.
Following the approval of spot Bitcoin ETF in America a year ago, many investors have gained indirect access to the world’s leading crypto by purchasing it via many asset managers and have reaped profits following the bitcoin (BTC) price surge above the $108,000 mark. Consequently, they seek exposure to other promising cryptocurrencies. Thus, the filings for spot Ether, Sol, and XRP ETFs.
$14 Billion Inflow
According to Bloomberg, JP Morgan analysts say the first six to twelve months will be eventful for spot SOL and XRP ETFs if approved by the SEC. Considering the adoption rate of the already-existing BTC and Ether ETFs, the firm’s market experts predict that SOL ETFs could take in about $3 billion to $6 billion, while XRP funds would end their first year with inflows ranging between $4 billion and $8 billion.
Following the prediction, JP Morgan’s Kenneth Worthington and other analysts noted, “The key question here remains the uncertainty of investor demand for additional products and whether new crypto ETP launches will matter.”
BTC and Ether have always been “the investor’s favorites,” so the adoption and progress on other ETFs may be slower. However, asset managers continue to submit applications, expecting a green light from the SEC following the incoming new administration.
SOL and XRP ETFs Incoming
According to a recent revelation by Fox Business senior reporter Eleanor Terrett, the U.S. SEC has engaged with the S-1 filings for spot SOL ETF filings from about four asset managers. With the agency’s current crypto-pessimistic Chairman stepping down in a few days, the community expects further good news in a few months.
Following the recent upsurge in the price of XRP and its increase in market capitalization to become the world’s third-largest crypto, many investors have turned their attention to it. Asset managers, including WisdomTree, have submitted applications for a spot XRP ETF.
Meanwhile, American entrepreneur Arthur Hayes says a dogecoin ETF is approaching.
