Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, told The Block that the investment bank is skeptical that the SEC will approve Solana and other cryptocurrency ETFs because the SEC is more determined that tokens other than Bitcoin and Ethereum should be classified as securities. Unless U.S. policymakers eventually pass legislation that most cryptocurrencies are not securities, but there is no such legislation yet. However, some analysts hold the opposite view. Standard Chartered Bank Geoffrey Kendrick expects Solana and XRP ETFs to be approved in 2025, and may see more crypto ETFs within a year. (The Block)