News View Non-AMP

After Ethereum, XRP ETF and Solana ETF Could Launch by 2025: Geoffrey Kendrick

Published by
Elena R

Geoffrey Kendrick, the Head of Forex and Digital Assets Research at Standard Chartered Bank, has made an intriguing prediction: cryptocurrency ETFs for coins like Solana and XRP could see approval as soon as 2025.

Turning Point for Crypto?

The recent nod from the SEC for Ethereum spot ETFs signals a significant shift in how regulators view cryptocurrencies, according to Kendrick.

Kendrick points out that the core technologies of Ethereum and other cryptocurrencies bear striking resemblances. He argues that this similarity makes it tough for the SEC to classify them as securities.

“The core technology is so similar to ETH it would be difficult for the SEC to claim they were securities given the ETH position,”

A Look at Market Dynamics

With Ethereum ETFs in the picture, Kendrick predicts a surge in institutional investment, estimating potential inflows ranging from $15 billion to $45 billion within the first year of trading. This could further strengthen Bitcoin and Ethereum’s market dominance and positively affect other cryptocurrencies.

Kendrick remains bullish on the prospects of crypto ETFs. He projects Bitcoin prices to hit $150,000 by year-end, driven by strong inflows from spot BTC ETFs. Additionally, he stands by his earlier forecast of Ethereum reaching $8,000 by the end of the year.

Looking Ahead: Beyond Ethereum

While immediate attention has been on Ethereum, Kendrick believes the market will likely look forward to the eventual ETF status for other cryptocurrencies.

“For other coins (e.g., SOL, XRP), markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story, not a 2024 one,”

This timeline indicates that regulatory clarity and market readiness might be critical in getting these additional ETFs through approval.

Kendrick pointed out that political backing for cryptocurrency in the U.S. will be “a true watershed moment.” This bipartisan support is expected to feed into further regulatory changes, laying the groundwork for a better-defined, more friendly framework for digital assets. 

The approval of ETH spot ETFs points towards a more progressive SEC approach, and the approval of other coins like XRP and SOL could well come through soon.

Positive Sentiments Spreading!

Approvals for Ethereum spot ETFs will provide a stepping stone to more approvals for other major cryptocurrencies, which Standard Chartered’s Geoffrey Kendrick is, in fact, already forecasting for 2025. 

The predictions by the Standard Chartered researcher underscore the changing regulatory landscape and institutional interest in digital assets. As the years roll by and institutional demand takes over, mainstream financial markets are likely to become more accommodating of cryptocurrencies.

Could altcoin ETFs be the next big thing? Stay tuned to find out!

Also Check Out : XRP ETF Set for Launch? Analysts Identify Key Catalysts

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Fed Rate Cut Decision in Focus Amid Crypto Volatility and Recession Fears

Crypto markets experienced sharp ups and downs on Wednesday and Thursday ahead of President Trump’s…

April 4, 2025

Zoomex Review: The New Crypto Exchange with Many User-Focused Features

Since launching in 2021, Zoomex has quickly made a name for itself as a crypto…

April 4, 2025

Bitcoin Price Prediction 2025- BTC Price May Revamp Bull Run Only After Reaching These Levels

The crypto markets were heavily consolidating ahead of Trump’s Liberation Day, where new tariffs were…

April 4, 2025

Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing

In a major development for the crypto market, Coinbase Derivatives has filed with the Commodity…

April 4, 2025

Nomy Finance’s Venture Division Surpasses $691 Million in Assets Under Management, Fueling Blockchain Innovation

Nomy Finance has announced that its venture division has surpassed $691 million in assets under…

April 4, 2025

XRP Price Prediction 2025, 2026-2030: When Will XRP Hit $3?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 4, 2025