Why JPMorgan Thinks Solana ETFs Won't Hit as Hard as Bitcoin, Ethereum Funds

Core Insights - U.S. exchange-traded funds (ETFs) focused on Solana are expected to face challenges in achieving record inflows due to investor fatigue and a more favorable perception of Ethereum [1][2] - Analysts predict that Solana ETFs could see approximately $1.5 billion in net inflows during their first year, significantly lower than the inflows seen by Bitcoin and Ethereum ETFs [2] Group 1: Market Dynamics - The SEC is reviewing multiple applications for Solana ETFs, with expectations of more altcoin ETFs being approved following the success of Bitcoin and Ethereum funds [2][3] - The first Solana ETF, the Rex-Osprey Solana + Staking ETF, was approved in June and garnered $12 million in first-day inflows [4] Group 2: Competitive Landscape - Solana is viewed as a key competitor to Ethereum, offering advantages such as cheaper and faster transactions [5] - Currently, Solana has a market capitalization of $120 billion, with its coin trading at approximately $220 [5]