Solana

Standard

<p class="is-style-lead">Analysts are projecting spot Solana and Ripple ETFs in 2025 following the approval of Ethereum ETFs.</p> 
<p>First, a spot Bitcoin ETF. Then, a spot <a href="https://crypto.news/spot-ether-etfs-get-sec-nod-without-a-vote-from-gary-gensler/" rel="">Ethereum ETF</a>. What is next?&nbsp;</p> 
<p>Some analysts have forecasted Solana as the next project <a href="https://crypto.news/solana-spot-etf-up-next-if-ethereum-etf-is-approved-analyst/" rel="">due for an ETF</a>, but Standard Chartered’s Geoffrey Kendrick echoed that a Ripple (<a href="https://crypto.news/price/xrp/" rel="">XRP</a>) ETF could also come in 2025.&nbsp;</p> 
<p>“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,” <a href="https://www.theblock.co/amp/post/296612/standard-chartered-solana-and-xrp-etf-next-year" target="_blank" rel="">said</a> Kendrick.</p> 
<p>After the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/" data-type="link" data-id="https://crypto.news/tag/sec/" rel="">SEC</a>) confirmed the approval of Spot Ethereum ETFs, momentum for other crypto ETFs has been building.</p> 
<p>Ripple CEO Brad Garlinghouse <a href="https://x.com/ZachRector7/status/1793838284193620450?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1793838284193620450%7Ctwgr%5Ec527a313e1c614daf4a2f5044105e0e3462d0a2a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fthecryptocurrencypost.net%2Fbrad-garlinghouse-hints-at-potential-xrp-etf-following-ethereum-etfs-approvals%2F" target="_blank" rel="">hinted</a> at this possibility through a social media post celebrating the SEC’s approval, calling it a “momentous” occasion for the industry.&nbsp;</p> 
<p>In February, when asked about the possibility of an ETF, Garlinghouse <a href="https://x.com/RippleXrpie/status/1793980584748101822" target="_blank" rel="">replied</a>, ”We would certainly welcome it, and I think it’s inevitable that there’ll be multiple ETFs around different tokens.”</p> 
<p>A <a href="https://crypto.news/eth-to-btc-trader-exposure-ratio-increased-ahead-of-etf-approval/" target="_blank" rel="">spot crypto ETF</a> tracks the price of a specific crypto and invests portfolio funds into that crypto. These funds are traded on public exchanges but generally track a particular crypto. Like similar funds, crypto ETFs are on regular stock exchanges, and investors can keep them in their standard brokerage accounts.</p> 
<p>In other words, crypto ETFs allow retail traders to gain direct exposure to crypto prices without directly owning the assets.</p> 
<h2 class="wp-block-heading" id="xrp-s-path-to-a-spot-etf">XRP’s path to a spot ETF</h2> 
<p>The ongoing <a href="https://crypto.news/sec-files-final-response-in-xrp-lawsuit-rejects-ripples-claims/" target="_blank" rel="">lawsuit</a> between Ripple and the SEC, in which the SEC accuses Ripple of selling unregistered securities, represents a significant hurdle to a spot ETF. The outcome of this litigation will be crucial in determining not only Ripple’s future but also the viability of an XRP ETF.&nbsp;</p> 
<p>The legal uncertainty around Ripple has held the price of XRP back. Currently, it’s priced at $0.53, below its <a href="https://crypto.news/excitement-rises-among-sol-xrp-investors-as-raboo-presale-pumps/" target="_blank" rel="">2024 opening price</a> of $0.62.&nbsp;</p> 
<p>A lawsuit resolution is expected this summer, and if favorable, XRP should see a price spike.</p> 
<h2 class="wp-block-heading" id="positive-sentiment">Positive sentiment</h2> 
<p>This spot ETF sentiment comes at a positive time for the crypto industry, both from a political and pricing perspective. On Wednesday, the U.S. House of Representatives <a href="https://crypto.news/fit21-bill-passed-by-us-house-of-representatives/" target="_blank" rel="">passed</a> the Financial Innovation and Technology for the 21st Century Act (<a href="https://crypto.news/us-house-to-vote-on-fit21-act-aiming-to-clarify-us-crypto-regulations/" target="_blank" rel="">FIT21</a>), essentially communicating with the crypto industry that the US is welcome to crypto.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">.<a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="">@SECGov</a>’s approval of a spot ETF for Ether is the latest sign crypto is being accepted as a mature asset class and underscores the need for Congress to pass a regulatory framework to protect consumers and provide clear rules of the road for the industry.</p>— Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1794005191802466477?ref_src=twsrc%5Etfw" target="_blank" rel="">May 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Additionally, crypto exchange <a href="https://crypto.news/coinbase-resumes-xrp-trading-in-new-york/" target="_blank" rel="">Coinbase resumed XRP trading</a> in the state of New York, following a suspension in 2021 due to the lawsuit, echoing a positive sentiment towards the project.&nbsp;</p>

Standard Chartered: XRP ETF next

目錄

crypto.news

在 2024年5月24日發表的其他文章

Hong Kong Based HashKey adds Solana support

Farmers in UAE Face Heavy Fines for Cryptocurrency Mining

Top 3 Best Altcoins for Long-Term Investment

Milei Moneda Explode After Its Launch on Uniswap; XRP And Arb Holders Hop In Amid Closing Window

Expecting 150 Thousand Dollars in Bitcoin and 8 Thousand Dollars in Ethereum, Standard Chartered ...

Is This MEV Trading Firm Responsible For Ethereum’s Drop Below $3,800?

訂閱免費電子報，每天收取加密貨幣最新動態！