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Vera ๐ฉ๐ฟ๐๐น
@veramust
Experts at JPMorgan, one of the largest U.S. banks, said that the inflow of funds into spot ETFs on SOL and XRP in the first six months could surpass the figure of ETFs on ETH. JPMorgan noted that spot exchange traded funds (ETFs) on bitcoin, launched in the U.S. in 2024, were able to accumulate about 6% of the market supply of the first cryptocurrency. ETFs on ether began trading in July and currently hold about 3% of the total ETH supply. โApplying so-called 'adoption rates,' we see that SOL can attract about $3-6 billion in net assets and XRP can attract up to $4-8 billion,โ analysts said. According to experts, unstable demand for altcoins makes it difficult to predict inflows into new cryptocurrency funds. With the exception of a few large cryptoassets, the episodic nature of the market is due to the volatility of investor sentiment and the emergence of new trending coins.
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๐ฉ Diana Etimova ๐น
@didi7.eth
Good news for SOL 500 $DEGEN
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