After the approval of Ethereum, analysts are predicting spot Solana ETFs and Ripple in 2025.
Then, we have a Bitcoin ETF. First, an ETF that tracks Bitcoin. Ethereum ETF. What is next?
Solana is predicted to be the new leader of NATO by many analysts next The following are some examples of a project that you can use to get started: due for an ETFStandard Chartered’s Geoffrey Kendrick echoed the fact that a Ripple was (XRPETF is also expected to be introduced in 2025.
“For other coins (eg. SOL, XRP), markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story not a 2024 one,” said Kendrick.
Following the U.S. Securities and Exchange CommissionSEC( confirmed that Spot Ethereum ETFs were approved, and momentum is building for other crypto ETFs.
Ripple CEO Brad Garlinghouse hinted Social media posts celebrating SEC approval have been pointing to this potential. “momentous” The industry is a great opportunity.
Garlinghouse, in response to a question about an ETF being possible, said that it was “possible” back in February. replied, “We would certainly welcome it, and I think it’s inevitable that there’ll be multiple ETFs around different tokens.”
You can also find out more about the A-Team here. spot crypto ETF The portfolio fund is invested in a crypto that tracks a particular crypto’s price. They are listed on exchanges and track the price of a specific crypto. The crypto ETFs work the same way as similar funds. They are traded on stock exchanges and can be kept in investors’ standard brokerage account.
The crypto ETFs enable retail traders to get direct access to cryptocurrency prices, without having to own the assets directly.
XRP on the path to a ETF
This is a continuing discussion lawsuit The SEC’s accusation that Ripple is selling securities not registered with the SEC in a dispute between Ripple & the SEC represents an important obstacle to the creation of a spot-ETF. This litigation is crucial to Ripple’s future and the viability an XRP-based ETF.
Legal uncertainty surrounding Ripple is holding back the price of Ripple. It’s currently priced at $0.53 – below its initial price. 2024 opening price You can get $0.62.
If the lawsuit is resolved favorably, XRP’s price should increase.
Positive feelings
The spot ETF sentiment is positive for crypto, from both a pricing and political perspective. The U.S. House of Representatives voted on Wednesday to approve the U.S. passed Financial Innovation and Technology for the 21st Century ActFIT21The US welcomes crypto.
Also, cryptocurrency exchange Coinbase resumed XRP trading The project will resume in New York in 2021, after a lawsuit caused a temporary suspension.
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Source: crypto.news