After the approval Spot Ethereum ETFs Standard Chartered analysts said this week that Solana ETFs (SOL) or Ripple ETFs (XRP) could be launched in 2025. In fact, Standard Chartered expects that more crypto-based exchange traded funds will be launched within the next decade. next The Block has a report every year.
Ethereum is the second cryptocurrency to be granted a spot ETF in the United States, joining Bitcoin. Standard Chartered however is only one. financial Institutions that are expecting a change in the future next Several months. Analysts at the bank also point out that Solana XRP is the main target for investment products.
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Standard Chartered Projects Solana, XRP and ETFs in the Next Few Years
Digital assets have made a huge step in their exposure and acceptance at the start of 2024. The US Securities and Exchange Commission’s (SEC) approval of the Spot Bitcoin Exchange-Traded Fund was a great success in January.
BTC’s price reached $73,000 just three months after it was issued, and attracted institutional investors from the largest companies in the world. Ethereum was added to the list with its own issuance this week. own Spot ETF approved. The focus is now on which asset might be approved. next.
Standard Chartered Bank believes that Solana and XRP may be the future of cryptocurrency. next ETFs could be issued for cryptos by 2025. Geoff Kendrick is an analyst at the bank who noted that these two assets will likely get attention from markets for an upcoming ETF but not in 2018.
![Ripple Nears Major Converging Point: Analyst Says XRP Could Breakout](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Coinbase-Enables-Ripple-XRP-Trading-in-New-York.jpg)
![Ripple Nears Major Converging Point: Analyst Says XRP Could Breakout](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Coinbase-Enables-Ripple-XRP-Trading-in-New-York.jpg)
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The Ethereum ETF’s approval has a significant impact on the security classification issues that have been raised about the asset. In its decision, the SEC appears to suggest that Ethereum and similar coins aren’t classified as securities. The caveat is vitally important, as many assets are looking for similar products.
Ethereum has not yet benefited from ETF approval. In the past 24 hours it is down around 2%, and currently trading just under $3,700, according to CoinMarketCap. The token will see an increase in value as soon as the product is traded.
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Source: watcher.guru