- Standard Chartered Bank analysts predict that Solana (SOL) and Ripple (XRP) exchange-traded funds (ETFs) could launch in 2025, following the approval of Spot Ethereum ETFs this week.
- The bank expects more crypto-based ETFs to be introduced within the next year, with Solana and XRP being prominent targets for such investment products.
- The Ethereum ETF approval impacts the ongoing security classification questions surrounding the asset, implying that Ethereum and similar coins are not classified as securities, which could be important for other assets seeking ETF approval.
The approval of the first-ever spot Ethereum ETFs this week marks a major milestone for the crypto industry. Now, analysts at Standard Chartered Bank predict that Solana and XRP ETFs could follow suit as early as 2025. In this evolving digital asset landscape, more crypto ETFs appear inevitable.
Standard Chartered Forecasts More Crypto ETFs on the Horizon
Standard Chartered is just one of many financial institutions expecting more crypto-based ETFs to launch in the coming years. The bank’s analysts specifically cite Solana and XRP as likely targets for these new investment products. However, they don’t expect Solana or XRP ETFs to debut until at least 2025.
In the meantime, the approval of Ethereum ETFs is still monumental. It seems to imply that the SEC does not view Ethereum and similar cryptocurrencies as securities. This distinction could pave the way for additional spot ETFs down the line.
Of course, Ethereum itself has yet to see a price boost from its new ETFs. But as these funds begin trading, ETH should rally institutional interest and investment.
XRP and Solana Well Positioned for Future ETFs
With Ethereum setting a new precedent, all eyes are on which crypto could be next. Solana and XRP appear primed to follow Ethereum’s footsteps based on their technology, liquidity, and regulatory standing.
Solana is a leading smart contract platform known for its speed and low costs. Meanwhile, Ripple has fought a long legal battle against the SEC to classify XRP as a currency rather than a security. If Ripple wins this lawsuit, it would presumably clear the way for an XRP ETF.
Conclusion
While Solana and XRP ETFs are still likely years away, this week’s Ethereum ETF launch kickstarted a new era. More institutional adoption and regulated investment products now seem inevitable in this rapidly evolving crypto landscape.
