Standard Chartered Forecasts XRP and Solana ETF Launches by 2025
Friday, 24 May 2024, 14:09
Standard Chartered Insights on Crypto ETFs
Geoffrey Kendrick, Head of EM FX Research and Crypto Research at Standard Chartered Bank, suggests that the approval of Ethereum spot ETFs paves the way for XRP and Solana to follow suit.
Positive Regulatory Developments
- Kendrick notes that cryptocurrencies with technology similar to ETH might avoid being labelled as securities, thanks to recent regulatory advancements.
- The crypto industry gains bipartisan support in the U.S., signaling a significant shift in the regulatory landscape.
Brian Kelly and Nate Geraci anticipate the potential for a Solana ETF, contingent on CME-traded futures or comprehensive regulation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.