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VanEck launches Celestia ETN for investors seeking TIA token exposure
VanEck has launched the VanEck Celestia ETN on Euronext Amsterdam and Paris, allowing investors to gain exposure to the TIA token, the native cryptocurrency of the Celestia network. This ETN, which replicates the MarketVector Celestia VWAP Close index, is fully collateralized and offers a regulated trading option, with a total expense ratio of 1.5 percent. As demand for TIA grows due to its utility in the Celestia ecosystem, the ETN represents a significant step towards broader institutional access to this innovative blockchain technology.
Wells Fargo predicts Bitcoin rally as dollar weakens and volatility persists
Wells Fargo predicts a potential rally for Bitcoin as the U.S. dollar weakens, highlighting an inverse correlation between Bitcoin and the DXY index. Following a 23% pullback attributed to dollar strength, Bitcoin's price may recover, with key resistance at $85,000 and support around $82,500. The bank's analysis suggests that a decline in the DXY could signal a bullish trend for Bitcoin, although global economic uncertainties may impact its trajectory.
Wells Fargo predicts potential bullish shift for Bitcoin amid dollar decline
Wells Fargo indicates that Bitcoin may soon experience a bullish shift, correlating its price movements with the strength of the dollar. The bank notes a strong inverse relationship between Bitcoin and the DXY index, suggesting that Bitcoin's recent decline is linked to dollar strength, which has since weakened. However, uncertainties surrounding economic growth and geopolitical tensions raise questions about the sustainability of this correlation.
jpmorgan predicts significant inflows for xrp and solana etfs by 2025
JPMorgan projects that XRP and Solana ETFs could attract a combined $15 billion in their first year if approved, with XRP potentially raising $8.4 billion and reaching a price of $2.69, while Solana could see $5.2 billion and a price of $197.7. The SEC is expected to decide on these ETF applications by 2025, which could significantly enhance market liquidity and accessibility for digital assets.
jpmorgan predicts 13.6 billion influx for xrp and solana etfs if approved
JPMorgan estimates that if approved, XRP and Solana ETFs could attract up to $13.6 billion in investments within the first year. Solana products may bring in $2.7 billion to $5.2 billion, while XRP ETFs could see inflows of $4.3 billion to $8.4 billion, depending on regulatory developments. Despite the potential, demand for these altcoin ETFs is expected to be limited compared to earlier bitcoin and ether products.
jpmorgan predicts significant inflows for xrp and solana etfs
JPMorgan Chase forecasts that potential exchange-traded funds (ETFs) for Solana (SOL) and XRP could attract between $3-8 billion each, totaling up to $16 billion. This prediction is based on adoption rates observed in existing Bitcoin and Ethereum ETFs. Ripple CEO Brad Garlinghouse has expressed optimism about the eventual approval of an XRP ETF, highlighting the trend towards diversification in investment strategies.
altcoin predictions for 2025 ethereum solana and sui set for growth
Ethereum (ETH) is projected to reach $7,200 this quarter, supported by an inverse head-and-shoulders pattern, while Solana (SOL) could surge to $4,000, driven by a cup and handle formation. Sui, currently at $4.57, is expected to climb to $11 in 2025, bolstered by strategic partnerships and a significant Total Value Locked (TVL) of $2 billion.
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.
jpmorgan forecasts 14 billion in investments for solana and xrp etfs
JPMorgan estimates that Solana and XRP ETFs could attract up to $14 billion in investments within their first year if approved, despite skepticism regarding regulatory approval. The projections suggest potential ETF assets of $5.2 billion for Solana and $8.4 billion for XRP, based on market penetration rates similar to existing Bitcoin and Ethereum ETFs. With a change in SEC leadership anticipated, the outlook for crypto ETFs may improve, potentially paving the way for new products linked to various altcoins by 2025.
jp morgan predicts significant inflows for potential xrp and solana etfs
JP Morgan estimates that approved XRP and Solana ETFs could attract between $3 billion and $8 billion in investments, significantly impacting their market caps and prices. For XRP, a 3% inflow could raise its market cap to $150.8 billion, while a 6% inflow might elevate it to $154.9 billion. Solana could see its market cap increase to $93.2 billion with a 3% inflow and to $95.7 billion with a 6% inflow. The SEC is expected to make initial decisions on various ETF applications by January 25, 2025, following a surge in interest after the success of Bitcoin ETFs.
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