The post XRP ETF and Solana ETF Likely by 2025: Predicts Standard Chartered’s Geoffrey Kendrick appeared first on Coinpedia Fintech News
Geoffrey Kendrick, the Head of Forex and Digital Assets Research at Standard Chartered Bank, recently said that he believes cryptocurrency ETFs for coins such as Solana and XRP could be approved by 2025.
XRP ETFs likely by 2025
The recent approval of Ethereum spot ETFs by the SEC could signal a major shift in the securities regulator’s view of cryptocurrencies.
In emphasizing the broad-based implications of the ETH ETF approval, he said that similar cryptocurrencies couldn’t be classified as securities.
“The core technology is so similar to ETH it would be difficult for the SEC to claim they were securities given the ETH position,” Kendrick noted.
This statement paraphrases the ongoing battle around the regulatory status of other altcoins, many of which have been scrutinized by the SEC.
Institutional Inflows and Market Dynamics
The much-expected institutional inflow should follow the approval of ETH ETFs. Kendrick suggests that ETH ETFs could attract inflows between $15 billion to $45 billion within the first 12 months of trading. This will positively impact market dominance by Bitcoin (BTC) and Ethereum, where the positive impact may trickle down to other cryptocurrencies.
Kendrick remains strong on his bullish stance on the future of crypto ETFs and believes that Bitcoin prices could hit $150,000 by the end of the year on strong inflows from spot BTC ETFs. He also stands by his earlier projection of ETH at $8,000 by year-end.
Long Path to Approval for XRP and SOL ETFs
While immediate attention has been on Ethereum, Kendrick believes the market will likely look forward to the eventual ETF status for other cryptocurrencies. “For other coins (e.g., SOL, XRP), markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story, not a 2024 one,” he said. This timeline indicates that regulatory clarity and market readiness might be critical in getting these additional ETFs through approval.
Kendrick pointed out that political backing for cryptocurrency in the U.S. will be “a true watershed moment.” This bipartisan support is expected to feed into further regulatory changes, laying the groundwork for a better-defined, more friendly framework for digital assets.
The approval of ETH spot ETFs points towards a more progressive SEC approach, and the approval of other coins like XRP and SOL could well come through soon.
Overall
Approvals for Ethereum spot ETFs will provide a stepping stone to more approvals for other major cryptocurrencies, which Standard Chartered’s Geoffrey Kendrick is, in fact, already forecasting for 2025.
The predictions by the Standard Chartered researcher underscore the changing regulatory landscape and institutional interest in digital assets. As the years roll by and institutional demand takes over, mainstream financial markets are likely to become more accommodating of cryptocurrencies.
The post XRP ETF and Solana ETF Likely by 2025: Predicts Standard Chartered’s Geoffrey Kendrick appeared first on Coinpedia Fintech News
Geoffrey Kendrick, the Head of Forex and Digital Assets Research at Standard Chartered Bank, recently said that he believes cryptocurrency ETFs for coins such as Solana and XRP could be approved by 2025. XRP ETFs likely by 2025 The recent approval of Ethereum spot ETFs by the SEC could signal a major shift in the … Read MoreNews, Altcoins, Ripple (XRP)
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