Experts predict that in 2025, we will see the emergence of Solana and Ripple ETFs, hot on the heels of the recently approved Ethereum ETFs.
Rumor has it that Solana is the next big contender for an ETF, according to analysts. However, there’s another surprise in store: Standard Chartered’s Geoffrey Kendrick predicts that a Ripple (XRP) ETF may also make its debut 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.
The world of cryptocurrency is buzzing with excitement after the SEC gave the green light for Spot Ethereum ETFs. But the excitement doesn’t stop there. Ripple’s CEO, Brad Garlinghouse, took to social media to share his elation, hinting at the possibility of more crypto ETFs in the works. This is a monumental moment for the industry and investors are eagerly anticipating what’s to come.
In February, when asked about the possibility of an ETF, Garlinghouse replied, ”We would certainly welcome it, and I think it’s inevitable that there’ll be multiple ETFs around different tokens.”
These innovative investment vehicles are like a treasure map to the hottest cryptocurrencies. By tracking the price of a specific crypto and investing portfolio funds into it, crypto ETFs offer a unique opportunity for investors to join the crypto craze without the hassle of owning the actual assets. You can easily trade these funds on public exchanges and keep them in your regular brokerage accounts.
XRP’s path to a spot ETF
The courtroom battle between Ripple and the SEC has been raging on, with the SEC accusing Ripple of peddling unregistered securities. This legal showdown has become a major roadblock for a potential spot ETF, making it a hot topic in the world of cryptocurrency.
The outcome of this high-stakes lawsuit will not only shape Ripple’s destiny, but also have a significant impact on the possibility of an XRP ETF. The murky legal waters surrounding Ripple have been keeping XRP’s value at bay, currently lingering at a mere $0.53, far from its promising opening price of $0.62 in 2024.
Exclusive: Altcoins Ready to Surge: Big Moves Ahead
Ripple Labs Introduces RLUSD: The Next Big Stablecoin
CryptoPunks Community Shuns ‘Woke’ Art, Yuga Labs Scraps New NFT Release
Positive sentiment
The current sentiment towards spot ETFs couldn’t be better, with both political and pricing factors aligning in its favor.
Just yesterday, the U.S. House of Representatives gave a warm embrace to the crypto industry by passing the Financial Innovation and Technology for the 21st Century Act (FIT21). This signals a green light for crypto in the US, making it an inviting and promising landscape for investors.