JPMorgan, a banking giant, has anticipated that the XRP spot exchange-traded fund (ETF) could bring in between $3 billion and $8 billion in investments.
The prediction is based on the performance of last year’s launched Bitcoin and Ethereum ETFs. ETFs currently make up about 8% of Bitcoin’s total market value, while Ethereum ETFs have a lower share of around 3%. JPMorgan also said that Solana ETFs will have same level.
Monica Long of Ripple thinks that when the products that track Bitcoin and Ethereum are approved, XRP will be the next in line. Several industry participants are already competing to introduce an XRP ETF in the United States. Bitwise, WisdomTree, and other competitors are among them.
Additionally, another top ETF analyst, Nate Geraci, stated that a spot XRP ETF is to be approved this year. Polymarket users believe there is a 59% chance of approval by 2025. Such a product has a 50% chance of getting approved by July 31.
The CEO of Ripple, Brad Garlinghouse, is confident that XRP ETFs are inevitable, although the SEC might approve ETFs for other tokens, like Litecoin, before XRP. The SEC has an ongoing appeal in the Ripple case, but a new, pro-crypto administration might drop it. Additionally, SEC Chair Gary Gensler is set to step down next week.
Also Read: Ripple’s RLUSD Grows, XRP ETF Could Be Approved Soon
