SOL, XPR Could Be Possible Candidates for ETFs, Standard Chartered Says

“For other coins , markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story, not a 2024 one,” analyst Geoffrey Kendric said. “For now, bitcoin and ether dominance will rise, with selective “next in line” winners as well.”

The Securities and Exchange Commission on Thursday approved forms 19b-4 filed by would-be issuers. While this is an important step in the race to launch a spot ether ETF, it is only one of two forms that needs approval from the regulator. It could take the SEC weeks if not months—even potentially indefinitely—to approve the S-1 document, which has so far only been filed by a few potential issuers.

Several industry experts have suggested that SOL would be a logical choice for a third ETF, given its similarities to Ethereum.that given Ethereum’s classification as a commodity, the token could follow a similar path. Solana is the third biggest cryptocurrency after bitcoin and ether by market cap. This is excluding stablecoin Tether and Binance Coinin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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