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Donald Trump’s pro-crypto messaging and the approval of Bitcoin and Ether ETFs in 2024 have now made the space even more intertwined with the traditional world. JPMorgan, one of the largest banks in the USA and the world, touched on Solana and XRP ETFs in their latest report.
While companies like Bitwise and Canary Capital have filed applications for both cryptocurrencies, the financial world’s expectations for crypto-ETFs are high.
“They can withdraw $3 to $8 billion each.”
In the JPMorgan report, it was stated that the two cryptocurrencies could gain serious investment in the first 6 months and the following statements were used:
“Given the strength of adoption, we believe that both cryptos can get serious investment in the first 6 months. “In the first 6 months, we see $3 to $6 billion in SOL ETF and $4 to $8 billion in XRP ETF. Kari is expected.”
As you may recall, Bitcoin ETFs, which were approved on January 10th last year, attracted very serious investment in the USA and the largest increase in price from $40,000 to $50,000 in about 1 month. was the element.
“Altcoins Are Volatile”
The report also discussed altcoins and said that such cryptocurrencies can be highly volatile and volatile:
The ever-changing structure of altcoins, in addition to capital coins like Bitcoin, Ether and Solana, alters investor sentiment. Trending coins can attract increasing interest in a short period of time, but this has a limited duration.”
It was published: