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Senior ETF Analyst Believes XRP ETF Could Hit $3-8 Billion: XRP Price to Breakout Soon
According to a recent report from JPMorgan, the approval of XRP and Solana ETFs could lead to significant investments in these assets. In fact, the report suggests that XRP ETFs alone could attract $3 billion to $8 billion in investments, marking a 30% increase by the end of January. This development has sparked excitement among investors, who are eager to see the potential impact on XRP’s market capitalization.
The projections are based on the performance of Bitcoin and Ethereum ETFs, which have already seen significant growth since their launch. The $108 billion in assets held by Bitcoin ETFs represents around 6% of its market cap, while Ether ETP assets have reached $12 billion, accounting for 3% of its total market capitalization.
These figures serve as a benchmark for the potential growth of XRP and Solana ETFs, should they receive approval. However, regulatory hurdles continue to slow down the process, with no official confirmation from the SEC yet.
Should these ETFs gain approval in 2025, JPMorgan analysts believe that it could lead to significant gains in XRP’s market capitalization, potentially reaching $3-8 billion in investments. This would be a massive increase and could result in an even higher growth rate for the asset.
Source: coinpedia.org
