LATEST: Standard Chartered Predicts First XRP, Solana ETFs to Launch by 2025

Following the recent approval of the first ether spot exchange-traded funds, analysts project that the next wave for big crypto ETFs will occur by 2025. Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, believes coins such as SOL and XRP could achieve ETF status in 2023 following the precedent set with ETH.

“The fact that the SEC has approved these ether spot ETFs in their approval process may indicate they’ve not classified ETH as a security, and perhaps other cryptocurrencies will eventually be able to assert the same,” he said. What the political support meant for crypto by way of the U.S., for Kendrick, is marking a “true watershed moment” for the industry. So, this might light the way, boost additional regulatory change, and increase market confidence in digital assets.

While Kendrick expects dominance to flow to Bitcoin and Ether—hinting at an end-of-year price target for BTC of $150,000—he also sees ETH ETFs attracting investor inflows of up to $15 billion to $45 billion in the first year and pushing ETH prices higher to $8,000. It just legitimized the industry, so it raised investment interest in diversified crypto portfolios.

The Block

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