PANews, October 9th - According to CoinDesk, a report released by JPMorgan on Wednesday stated that even if the Spot Solana ETF is likely to be approved this week, it is unlikely to attract a large influx of investor funds; the first-year fund inflow for the Solana ETF may be around $1.5 billion, roughly one-seventh of the inflow for the Ethereum ETF. This figure could be lower due to decreased on-chain activity, active meme coin trading, investor fatigue over multiple product launches, and competition with diversified Crypto Assets index products such as the S&P Dow Jones Indices Digital Market 50 Index. Corporate funds may also shift demand away from Spot ETFs.
The report also pointed out that CME Solana futures positions indicate weak demand. However, due to the existing CME futures contracts and the launch of the first Solana ETF in July, the market generally expects its application to be approved, but this expectation has already been reflected in the pricing.
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