JPMorgan believes Solana, XRP ETPs could attract $15 billion in net inflows
Both assets register $2.5 billion in assets under management currently, with a little over $500 million in inflows registered last year.
Happy Tuesday!
In today's CryptoSlate newsletter, we explore significant trends shaping the crypto market. JPMorgan projects that Solana and XRP exchange-traded products (ETPs) could see an influx of $15 billion, building on their current $2.5 billion in assets under management. Meanwhile, BlackRock highlights that Bitcoin adoption is outpacing both the internet and mobile phones, with younger generations leading the charge. Additionally, Coinbase has achieved a notable legal victory, compelling the SEC to clarify its stance on crypto regulations—a pivotal moment for the industry. Join us as we dive into these developments and their potential impact on the future of cryptocurrency!
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The global crypto market cap is $3.32 trillion, with a 24-hour volume of $136.42 billion. The price of Bitcoin is $96,067.19, and BTC market dominance is 57.2%. The price of Ethereum is $3,196.24, and ETH market dominance is 11.6%. The best-performing sector is Virtuals, which gained 21%. The Crypto Fear & Greed Index is currently Greed (63).
📰 Top News
JPMorgan believes Solana, XRP ETPs could attract $15 billion in net inflows
Both assets register $2.5 billion in assets under management currently, with a little over $500 million in inflows registered last year.
Bitcoin adoption is outpacing the internet and mobile phones – BlackRock
BlackRock also advocated Bitcoin exposure through its spot ETF, IBIT, as it deems direct exposure complex for many.
Coinbase scores legal win, court orders SEC to explain lack of crypto rulemaking
The development was considered a big win, as it was granted by a circuit court.
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