The #ETF of #Solana and #XRP will arrive, but in 2025: Standard Chartered
For the London bank's digital assets analyst, the approval of Ethereum ETFs sets good precedents for similar cryptocurrencies.
Geoffrey Kendrick, head of digital assets and forex research at Standard Chartered Bank, believes that spot ETFs for other cryptocurrencies would be around the corner, but not until 2025. The analyst assures that cryptocurrencies like Solana and XRP (Ripple) would be considered for the creation of new financial instruments of this type.
The key to these possible cascade approvals of cryptocurrency ETFs would be in the status of Ethereum as an asset, this after the approval given by the United States Securities and Exchange Commission (SEC). According to the analyst, such an admission would prove that the SEC no longer classifies ether (ETH), the native cryptocurrency of the Ethereum network, as a security.
