Friends listen up! Geoffrey Kendrick, an expert at Standard Chartered Bank thinks the SEC green light for #ETHETFS might be just the beginning, according to The Block. ๐ช๐ฅ
Apparently, this approval could signal that the SEC doesn't see $ETH (and similar cryptos) as securities. This is a big deal because it could pave the way for more ETFs based on cryptos like $SOL and $XRP in 2025! ๐
Remember the whole XRP lawsuit in 2023? Well, if #ETH isn't a security, maybe XRP and others won't be classified that way either. ๐๐คก
Of course, this is just one expert's opinion, but it's definitely something to keep an eye on! DYOR! ๐ป#ETHETFsApproved #altcoins