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JPMorgan predicts up to 8 billion inflows for potential XRP ETF
JPMorgan forecasts that a spot-based XRP exchange-traded fund (ETF) could attract between $3 billion to $8 billion in investments, following the success of Bitcoin and Ethereum ETFs. With a favorable regulatory environment expected under the upcoming U.S. administration and a new SEC chair, several companies, including Bitwise and WisdomTree, are already seeking approval for XRP ETFs. The approval process is anticipated to accelerate, potentially leading to significant market interest in XRP.
solana and xrp etps could attract billions according to jpmorgan report
JPMorgan predicts that the launch of spot Solana (SOL) and XRP exchange-traded products could attract billions in net assets, potentially outperforming existing bitcoin and ether ETFs. SOL may draw in $3 billion-$6 billion, while XRP could gather $4 billion-$8 billion, reflecting similar adoption rates. The U.S. Securities and Exchange Commission is expected to rule on several spot Solana ETF applications soon, with major asset managers poised to launch these funds.
Sygnum Bank achieves unicorn status with 58 million dollar funding round
Sygnum Bank, founded in 2018 and licensed in 2019, has achieved a valuation of over $1 billion after raising $58 million in an oversubscribed financing round, making it Switzerland's 15th crypto unicorn. The funds will support expansion into the EU, EEA, and Hong Kong, as well as enhance its institutional infrastructure. The bank has seen significant growth, with trading volumes in 2024 surpassing previous years, driven by partnerships with over 20 banks.
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