Standard Chartered Analyst Says Other Crypto ETFs Like SOL and XRP “Are Likely a 2025 Story”
Following the recent approval of ether spot exchange-traded funds, Standard Chartered Bank analyst Geoffrey Kendrick says the next chapter for crypto ETFs may be just around the corner in 2025.
“For other coins (e.g. SOL, of Standard Chartered Bank, in a statement to The Block.
The approval of ether spot ETFs on Thursday suggests that ETH is not classified as a security by the SEC, implying that other coins similar to ETH, which previously came under scrutiny in cases like the 2023 XRP case, may also not considered values. , according to Kendrick.
"In several cases, the core technology is so similar to ETH that it would be difficult for the SEC to claim they were securities given ETH's position," Kendrick said. “The cryptocurrency industry now appears to have political support on both sides of the aisle.”
He called this support for cryptocurrencies in the US a “true watershed moment.” Kendrick said the next question is not if the market will see more regulatory changes, but when.
