After the U.S. SEC approved Spot Ethereum ETFs, analysts, including Standard Chartered’s Geoffrey Kendrick, predict crypto ETFs for coins like Solana (SOL) and XRP by 2025. This follows the SEC’s approval of eight Spot Ether ETFs on May 23, suggesting the SEC does not classify ETH as a security.
Kendrick believes that similar coins could avoid being labeled securities, boosting their ETF prospects. He expects Bitcoin and Ethereum to dominate, predicting BTC could hit $150,000 by year-end. A portfolio with Bitcoin and Ethereum ETFs could attract $15-$45 billion in inflows within the first year. This development underscores growing political support for crypto in the U.S. and hints at further regulatory changes.
