JP Morgan: Solana Ripple ETF Will Overtake Ethereum If Approved

If an ETF based on Solana (SOL) and Ripple (XRP) is approved in the U.S., it is expected to perform better than the spot ETF for Ethereum (ETH) that began trading last year.
According to Cointelegraph, on the 14th (local time), global investment firm JP Morgan announced that the Solana and Ripple ETFs have been approved.
"If the ETF reaches a total of 1.5 billion yen, it could surpass the performance of the Ethereum spot ETF for the first time in six months," JP Morgan said. "The Solana-based ETF will have a total of approximately $3 billion to $6 billion (approximately $4,705 to $9,411 million) in assets.
100 million yen), and Ripple-based ETFs will see inflows of $4 billion to $8 billion (approximately 627.4 to 1.25 trillion yen)."
Since Donald Trump was inaugurated as president on the 20th of this month, the US has become more friendly towards cryptocurrencies.
With the prospect of regulations being prepared, hopes are growing in the industry that Solana and Ripple will be approved as ETFs.
Alejandro Fischer, founder of Lumio, a Solana-based Layer 2 blockchain
Ho Pinto predicted, "If a Solana-based ETF is approved in the U.S., it will have a positive impact on the price of Solana, the underlying asset."