Standard Chartered Analyst Predicts SOL and XRP ETFs Likely to Emerge in 2025: The Block
Standard Chartered's Geoffrey Kendrick predicts that other crypto ETFs may gain approval in 2025. He suggests that the approval of ETH ETFs indicates that ETH and similar cryptocurrencies are not considered securities.
Because Bitcoin
May 24, 2024
The recent approval for a specific of the U.S. spot Ether ETFs suggests a brighter future for similar products based on other digital currencies. According to a recent The Block report, an Standard Chartered analyst believes this is just the beginning, with potential for more ETF approvals in 2025.
This delay is likely due to ongoing regulatory discussions. The recent approval implies that some cryptocurrencies may not be classified as securities by financial regulators. This could pave the way for ETFs based on similar coins, but full clarity might take some time.
This development is seen as a significant moment for cryptocurrency in the US, with growing political support. Further regulatory changes are expected, but the exact timing remains uncertain.
In the meantime, analysts predict continued dominance for Bitcoin and Ether, both in terms of overall value and risk-adjusted returns. There's also potential for some other cryptocurrencies to emerge as strong performers.
One analyst remains optimistic about Bitcoin, predicting a significant price increase by year-end. They also expect strong interest in new Bitcoin ETFs, potentially driving the price further up. A combination of Bitcoin and Ether ETFs could be an attractive investment option.
Similarly, this analyst expects trading for Ether ETFs to begin soon, with significant inflows within the first year. They maintain their previous prediction for a substantial increase in Ether's price by year-end.
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