JPMorgan dey see $1.5B first year inflows for Solana Spot ETF
JPMorgan analysts wey Nikolaos Panigirtzoglou dey lead talk say Solana spot ETF fit bring like $1.5B net inflows for im first year—na only one-seventh of wetin Ethereum spot ETFs catch. U.S. SEC dey plan to decide for 16 crypto spot ETF applications, wey include Solana and XRP, by October 10 under quick review. JPMorgan $1.5B estimate base on REX Osprey Solana ETF get about $350M inflows since July and Solana DeFi TVL na about one-seventh of Ethereum. Analysts dey warn say real Solana spot ETF inflows fit no reach prediction because investors no too sabi am, on-chain activity dey fall, memecoin ratio high and competition dey from crypto index and yield products. CME Solana futures volumes still dey low too, show say demand no hot. One earlier JPMorgan team wey Kenneth Worthington lead predict $2.7B–$5.2B for 6–12 months. Traders suppose dey watch SEC approvals, net fund flows, CME futures volumes and key on-chain metrics to check how Solana spot ETF dey perform compared to well-known Ethereum ETF offerings.
Bearish
JPMorgan cautious projection wey be $1.5B—na just one-seventh of Ethereum ETF inflows—combine with low investor sabi, declining on-chain activity plus weak CME futures volumes, dey show say demand for Solana spot ETF no too strong. Even though SEC approval go give price floor, crypto inflows wey dem dey expect no big and competition from other products fit make the price no go too high. For short term, traders fit remain cautious dey wait actual fund flows; for long term, unless on-chain metrics and memecoin pressure improve, SOL price momentum fit still dey small.