JPMorgan, one of the world’s leading financial institutions, has projected that the anticipated XRP spot exchange-traded fund (ETF) could attract investments ranging between $3 billion and $8 billion.
This forecast is drawn from the market performance of Bitcoin and Ethereum ETFs, which have gained traction since their respective launches. Currently, Bitcoin ETFs represent approximately 8% of Bitcoin’s overall market value, while Ethereum ETFs account for a smaller 3%. JPMorgan also noted that Solana ETFs are expected to capture a similar share.
Ripple’s Monica Long has expressed optimism, suggesting that once ETFs tracking Bitcoin and Ethereum are fully established, XRP could be the next cryptocurrency in line for such products. Competition is already heating up in the U.S., with firms like Bitwise and WisdomTree among the frontrunners vying to launch an XRP ETF.
In addition, renowned ETF analyst Nate Geraci has forecasted that a spot XRP ETF could gain approval within this year. Polymarket, a prediction market platform, places the likelihood of XRP ETF approval by 2025 at 59%, with a 50% chance of it happening by July 31.
Ripple’s CEO, Brad Garlinghouse, remains confident in the eventual approval of XRP ETFs. However, he acknowledges that the U.S. Securities and Exchange Commission (SEC) may approve ETFs for other digital assets, such as Litecoin, before XRP. The SEC’s ongoing appeal in the Ripple case is still unresolved, but industry observers speculate that a more crypto-friendly administration could lead to a shift in regulatory stance. Moreover, with SEC Chairman Gary Gensler’s tenure set to end next week, the future of cryptocurrency regulation remains in flux.
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