The U.S. Securities and Exchange Commission (SEC) has just given the green light for the first-ever Spot Bitcoin ETF on January 11th. And that’s not all – just four months later, they also approved an ETF for Ethereum.
This major move showcases the SEC’s shifting attitude towards embracing digital currencies. But that’s not the only buzz in the crypto world – experts at Standard Chartered are speculating about the possibility of ETFs for other alternative coins.
Solana & XRP ETFs On The Line
The world of cryptocurrency is buzzing with the recent launch of Ethereum ETFs. According to Geoffrey Kendrick, a leading expert at Standard Chartered Bank, all eyes are now on the potential approval of Solana (SOL) and XRP ETFs. And the timeline for these game-changing ETFs could be as soon as 2025.
According to Kendrick, the SEC’s decision on Ethereum could have a ripple effect on the entire cryptocurrency market. With Ethereum potentially being deemed not a security, other coins like Solana and XRP could also slip through the regulatory cracks. And with the recent green light for Ethereum ETFs, it seems like coins with similar technological roots may also escape the security label from the SEC.
The Future of Crypto ETFs
The crypto world is buzzing with excitement as The Birb Nest, a renowned crypto analyst, predicts the rise of a Solana ETF. The news has taken Twitter by storm and has caught the attention of various media outlets.
Despite the inevitable wait for regulation, the anticipation for a Solana ETF is reaching new heights. In the meantime, The Birb Nest urges market players to join in on the frenzy and create a “meme mania” around Solana, reminiscent of the viral craze surrounding meme coins like Dogecoin and Shiba Inu.
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BTC+ETH dominance will rise
Kendrick, a renowned expert, foresees a continued reign of Bitcoin and Ethereum. Brace yourself for a surge of investments in spot Bitcoin ETFs, with Kendrick boldly predicting a staggering price target of $150,000 for BTC by the year’s end.
With this remarkable rise in dominance, it’s safe to say that Bitcoin and Ethereum will maintain their status as top contenders in the ever-evolving realm of cryptocurrency ETFs.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.