ETH ETFs have launched a frenzy of expectations for other altcoin ETFs.
Standard Chartered bank says SOL and XRP ETFs will launch in 2025.
What other altcoins could make their ETF debut before the golden bull run?
Standard Chartered Bank states that Solana (SOL) and Ripple’s XRP could launch their own ETFs in 2025. This is certainly a very bullish sign for the price of SOL and XRP. Both assets are very popular in the crypto community.
JUST IN: Standard Chartered Bank says Solana and XRP ETFs could launch in 2025.
— Watcher.Guru (@WatcherGuru) May 24, 2024
More interestingly, as soon as ETH ETF approvals were in the works these two altcoins were the first candidates proposed by the community to be the next likely assets to get their own ETFs. So far, it seems the community knows the market well.
The ETH ETF approval being confirmed started a domino effect for other altcoins as well. As soon as ETH ETF approvals were hastened the crypto community knew it was only a matter of time till it went through.
Just as expected ETH ETFs were approved within the week and ETH price as well as ETH-based cryptocurrencies are now all primed to skyrocket in price soon. Once the liquidity starts pouring into ETH ETFs the price surge could be exponential.
This expectation for a bull run for ETH price following its ETH ETF launch is fair considering that Bitcoin (BTC) saw the same explosive growth after BTC ETFs were confirmed. Thus, the new narrative began for which altcoins could most likely see an ETF being confirmed next in the market.
This brings us to SOL and XRP ETFs likely being launched in 2025 according to Standard Chartered Bank. While many crypto enthusiasts predicted this outcome, it is greater now with a financial entity behind the prediction.
This statement also opens doors for other altcoins to possibly see an ETF launch of their own. For instance, one analyst is certain that a Dogecoin (DOGE) ETF launch is a likely possibility, while another highlights Polkadot (DOT).
Without a doubt, we can see that the coming golden bull run will be one for the ages. Will ETFs be the cause of major bull spikes for certain altcoins, or will other factors play a bigger part in welcoming new explosive ATHs?
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