Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Standard Chartered analyst says other cryptocurrency ETFs such as SOL and XRP are ‘likely a 2025 story’.
ADOPTION NEWS

Standard Chartered analyst says other cryptocurrency ETFs such as SOL and XRP are ‘likely a 2025 story’.

By Crypto FlexsMay 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Standard Chartered analyst says other cryptocurrency ETFs such as SOL and XRP are ‘likely a 2025 story’.
Share
Facebook Twitter LinkedIn Pinterest Email

Following the recent approval of an Ethereum spot exchange-traded fund, Standard Chartered bank analyst Geoffrey Kendrick said the next chapter for cryptocurrency ETFs could be just around the corner in 2025.

“For other coins, e.g. brush

+0.65%
, XRP

+0.99%
“The market will look ahead to the final ETF status, although this will likely be a 2025 story rather than a 2024 story,” Kendrick, head of foreign exchange and digital assets research at Standard Chartered Bank, said in a statement to The Block on Friday. .

The approval of the Ether spot ETF on Thursday suggests that ETH is not classified as a security by the SEC, meaning other ETH-like coins that have previously been investigated in cases such as the 2023 XRP incident may not be considered securities either. According to Kendrick.

“The core technology is often so similar to ETH that it would be difficult for the SEC to argue that ETH is a security given its position,” Kendrick said. “The cryptocurrency industry now appears to have political support on both sides.”

He called U.S. support for cryptocurrencies “a true watershed moment.” Kendrick said the next question is not if the market will see additional regulatory changes, but when.

‘BTC+ETH dominance will increase’

The market is expecting more cryptocurrency ETFs, but for now Kendrick expects the dominance of Bitcoin and Ethereum to increase, especially in terms of Sharpe ratio, and for certain “next” winners to emerge.

Kendrick continues to expect strong inflows into the spot Bitcoin ETF, which would result in a BTC price target of $150,000 by the end of the year. “A portfolio containing both BTC and ETH ETFs is likely to be attractive, and the SEC’s ETH decision further validates the industry,” Kendrick said.

Regarding the ETH ETF, Kendrick said he expects trading to begin next month and reiterated that these funds could bring in as much as $15 billion to $45 billion worth of funds within the first 12 months. He also repeated his previous prediction that ETH would reach $8,000 by the end of the year.

The SEC only approved a Form 19b-4 for the spot ETH ETF on Thursday, with the S-1 registration still pending approval for the fund to begin trading. Approval for Form 19b-4 was granted to eight applicants, all in one omnibus order: Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Runway Introduces $5 Million Fund to Support AI-Augmented Film Projects

September 26, 2024

Shiba Inu ranks #1 in volume on WazirX as KangaMoon presales reach $4 million.

April 3, 2024

Bitcoin Price Volatility Expected at the Federal Open Market Committee (FOMC) September Meeting – Here’s How to Prepare

August 30, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.