Cryptocurrency ETFs Forecasted for Approval by 2025: Insights from Standard Chartered’s Geoffrey Kendrick
Headline: Standard Chartered Bank Researcher Predicts XRP and Solana ETFs Could Be Approved by 2025
Geoffrey Kendrick, the Head of Forex and Digital Assets Research at Standard Chartered Bank, has made a bold prediction regarding the approval of cryptocurrency ETFs for coins such as Solana and XRP. Kendrick believes that these ETFs could be approved by 2025, following the recent approval of Ethereum spot ETFs by the SEC.
In a statement, Kendrick emphasized the significance of the ETH ETF approval, suggesting that it could signal a major shift in the securities regulator’s view of cryptocurrencies. He noted that the core technology of coins like Solana and XRP is similar to Ethereum, making it difficult for the SEC to classify them as securities.
Kendrick also highlighted the potential institutional inflows that could follow the approval of ETH ETFs, estimating that these ETFs could attract between $15 billion to $45 billion within the first year of trading. This influx of institutional capital could have a positive impact on market dynamics, potentially benefiting Bitcoin and Ethereum, as well as other cryptocurrencies.
While Kendrick remains bullish on the future of crypto ETFs, he acknowledges that the approval process for XRP and Solana ETFs may take longer. He anticipates that regulatory clarity and market readiness will be crucial factors in getting these ETFs approved by 2025.
Overall, Kendrick’s predictions underscore the changing regulatory landscape and growing institutional interest in digital assets. As mainstream financial markets become more accommodating of cryptocurrencies, the approval of ETFs for major coins like XRP and Solana could be on the horizon.
