Ethereum ETF approval may open the floodgates to assets like Solana and XRP that may receive approval for ETFs in 2025. Standard Chartered analysts say that cryptocurrencies like Solana and XRP will not be classified as securities. SOL wiped out nearly 6% value on Friday, while XRP price is nearly unchanged on the day. Ethereum Exchange Traded Fund approval news has renewed optimism on Solana and XRP ETFs approval in 2025.
Three next likely coins I see in line for ETF discussions: - SOL - AVAX - DOGE — K A L E O May 23, 2024 Analyst at Standard Chartered Geoffrey Kendrick said that SOL and XRP ETFs may be approved in 2025. Kendrick believes that the approval of the ETH ETF means that Ether and similar cryptocurrencies will not be classified as securities. Analysts at The Birb Nest note that the Solana ETF narrative is being discussed on crypto Twitter and by the media, and “this will probably happen.
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