JPMorgan pegs potential inflows into Solana and XRP spot ETFs at up to $14bn

Inflows into spot ETFs based on Solana (SOL) and XRP over the first six months could outstrip those of comparable Ethereum funds, Cointelegraph reports, citing a JPMorgan note.

The analysts benchmarked investment volumes attracted by exchange-traded products tied to the two largest cryptocurrencies by market capitalisation.

Launched a year ago in the United States, spot bitcoin ETFs have accumulated about 6% of the asset’s market supply. Ethereum funds began trading in July; they control roughly 3% of ether’s current issuance.

“Applying the so-called ‘adoption metrics’, we see that SOL attracts about $3-6 billion in net assets, and XRP gathers $4-8 billion,” JPMorgan specialists said.

The bank’s experts noted that unstable demand for altcoins complicates forecasts for potential inflows into new crypto funds.

“With the exception of a few major tokens (BTC, ETH, SOL), the episodic nature of the cryptocurrency market is driven by the variability of investor sentiment and new trendy coins that may attract heightened attention for a limited time,” they emphasized.

Preliminary decision deadlines at the SEC on Solana-ETF filings from VanEck, 21Shares, Canary, Bitwise and Grayscale fall on 23–25 January.

The regulator is also reviewing forms from potential issuers of exchange-traded XRP products, including Bitwise and 21Shares.

Several experts have expressed confidence that spot Solana ETFs will appear on the market by end-2025.

A similar view is held by Forbes contributor and NovaBlock Capital partner Lior Shimron, who believes the roster of underlying assets will be much broader.