Geoffrey Kendrick, an analyst at Standard Chartered, predicts that cryptocurrency ETFs for $SOL and $XRP could gain regulatory approval by 2025. This prediction follows the recent approval of an Ethereum (ETH) ETF, which suggests that $ETH and similar #Cryptocurrencies might not be treated as securities by regulators.
The approval of an #ETHETFS marks a significant step towards the acceptance of #Cryptocurrencies in traditional financial markets. Kendrick believes this shift in regulatory perspective could pave the way for broader approval of crypto ETFs, enhancing the accessibility and legitimacy of digital assets.