JPMorgan estimates that exchange-traded products (ETPs) for Solana and XRP could attract over $15 billion in net inflows, with potential inflows of $3-6 billion for Solana and $4-8 billion for XRP. Currently, Solana ETPs hold nearly $1.6 billion in assets, while XRP products have $910 million. However, the approval of ETFs for these assets in the US remains unlikely, with the SEC recently rejecting Solana ETFs and XRP still facing regulatory scrutiny. For more information, visit [Bloomberg](https://www.bloomberg.com).
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January 14, 2025 | 02:23Eric Balchunas
5 posts last weekEric Balchunas is a Senior ETF Analyst for Bloomberg.
Litecoin Price Declines Amid Uncertainty Over ETF Approval Prospects
Litecoin’s price has dropped 22% to $94.89 amid declining expectations for spot ETF approvals, now at just 24%. While some analysts remain hopeful for future approvals due to Litecoin’s connection to Bitcoin, concerns linger over institutional interest and overall ETF performance in the crypto market.
read moreSolana ETFs Face Approval Challenges Ahead of Upcoming Deadlines
The SEC’s deadline for approving four Solana ETFs is approaching, with experts predicting delays until the next deadline on March 11. Analysts believe that the lack of a regulated US futures market for Solana, unlike Bitcoin and Ethereum, will hinder approval, although expectations for a more favorable regulatory environment may emerge in 2025.
read moreRipple President Announces Imminent RLUSD Launch on Coinbase and XRP ETF Update
Ripple President Monica Long announced that the RLUSD stablecoin will launch on Coinbase “imminently,” following its introduction on several other platforms. She also indicated that XRP ETF approvals could occur soon under the new administration, despite potential delays due to ongoing SEC legal issues. Analysts predict XRP’s price could fluctuate significantly, with some forecasting a surge of up to 470% in the near term.
read moreBitcoin and Ethereum ETFs See Over 1 Billion in Daily Inflows
Bitcoin and Ethereum ETFs saw over $1.1 billion in combined inflows on Monday, with Bitcoin rising above $100,000 for the first time since December. Spot Bitcoin ETFs attracted $978.6 million, led by Fidelity’s FBTC fund, while Ethereum ETFs generated $128.7 million, primarily from BlackRock’s ETHA fund. This surge reflects renewed institutional confidence, bolstered by MicroStrategy’s $100 million Bitcoin purchase, although Ethereum’s momentum remains insufficient to surpass $4,000.
read moreNasdaq Seeks to Increase IBIT Options Contract Limit to 250000
Nasdaq has proposed increasing the options contract limit for the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts, reflecting a 2.89% exercisable risk. This change aims to enhance market liquidity and attract sophisticated traders, following a strong debut that saw over $446 million in trading volume. Analysts note that the current limit is low compared to traditional investment vehicles, suggesting that IBIT could qualify for up to 400,000 contracts.
read moreRace for Altcoin ETF Approval: Solana, XRP, Litecoin, or Hedera in 2025
The race for altcoin ETFs intensifies as Solana, XRP, Litecoin, and Hedera seek SEC approval following the success of Bitcoin and Ethereum ETFs. Analysts predict Solana could reach $560, XRP $2.50, Litecoin $150, and Hedera $0.6 by 2025, with institutional filings indicating growing confidence in regulatory approval. While Litecoin may lead in approvals due to its Bitcoin-like nature, Solana and XRP might face delays due to ongoing legal issues.
read moreDogecoin and Cutoshi: Memes and Utility Driving the Bull Run
Dogecoin and Cutoshi are emerging as key altcoins for traders, combining meme culture with utility. Dogecoin, buoyed by bullish predictions and potential ETF developments, is currently priced around $0.32, while Cutoshi is building a DeFi ecosystem with innovative features, having raised $1.45 million in its presale. Both projects leverage community engagement, with Dogecoin’s established following and Cutoshi’s growing popularity in the DeFi space.
read moreBlackRock Bitcoin ETF Faces Record Outflows Amid Market Turmoil
BlackRock’s iShares Bitcoin Trust (IBIT) faced a record outflow of $332 million on January 1, contributing to total net outflows of over $650 million for US spot Bitcoin ETFs that week. Despite these withdrawals, IBIT remains the leading Bitcoin ETF, holding nearly 552,000 BTC valued at over $51 billion. Launched in early 2024, it ranked third in year-to-date flows with approximately $37 billion, trailing only VOO and IVV.
read moreBlackRock’s IBIT ETF Achieves Significant Inflows in 2024 Rankings
BlackRock’s spot Bitcoin ETF, IBIT, secured the third position in the top 20 ETFs for 2024 with $37 billion in inflows, reflecting strong investor interest in digital assets. Vanguard’s S&P 500 ETF (VOO) led with $116 billion, while Fidelity’s FBTC ranked 14th with $11 billion. Overall, ETFs attracted a record $1.14 trillion, surpassing previous highs by 25%.
read moreSpot Bitcoin ETFs Achieve Top 20 Status with Significant Inflows in 2024
In 2024, spot Bitcoin ETFs IBIT and FBTC have entered the top 20 by yearly flows, capturing 4.3% of total inflows with $49 billion. BlackRock’s IBIT led with over $37 billion, while Fidelity’s FBTC followed with $11.8 billion, marking a significant achievement for these newly launched funds. Analysts predict continued growth in the ETF market, fueled by a pro-crypto political climate and potential new ETF approvals.
read moreSolana ETF Approval Odds Rise to 85 Percent by 2025
Polymarket bettors now predict an 85% chance of SEC approval for Solana ETFs by 2025, a significant rise from 45% just days ago, fueled by growing optimism and interest from major asset managers. Despite this optimism, regulatory uncertainty remains due to the SEC’s classification of SOL as a security, complicating approval efforts. The anticipated leadership change at the SEC in 2025 could further influence the regulatory landscape, potentially paving the way for Solana’s integration into the broader financial market.
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