Banking giant JPMorgan has predicted that a spot-based XRP exchange-traded fund (ETF) could attract impressive inflows ranging from $3 billion to $8 billion.
The estimate is based on the performance of the Bitcoin and Ethereum ETFs that were launched last year.
ETF assets account for roughly 8% of Bitcoin’s total market cap, which currently stands at $1.81 trillion. However, Ethereum ETFs have a much lower penetration rate (around 3%).
Notably, JPMorgan also expects Solana ETFs to perform on a similar level.
As reported by U.Today, Ripple’s Monica Long believes that XRP will be next in line following the approval of the products that track Bitcoin and Ethereum.
There are already multiple industry players vying to launch an XRP ETF in the U.S. These include Bitwise, WisdomTree, and other contenders.
Last week, Nate Geraci, one of the top ETF analysts, predicted that a spot XRP ETF would end up getting approved this year.
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