GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Ripple CEO Expresses Support for XRP ETF as Standard Chartered Forecasts 2025 Launch

  • Ripple CEO Brad Garlinghouse expresses openness to an XRP ETF after Standard Chartered predicts that Solana (SOL) or Ripple’s XRP by 2025.
  • Industry experts suggest that Solana (SOL) could be a logical choice for a third ETF due to its similarities to Ethereum.

With the approval of a crucial filing in the race to launch a spot Ether (ETH) exchange-traded fund (ETF), industry leaders are speculating about which cryptocurrency might be next. Standard Chartered (STAN) predicts that Solana (SOL) or Ripple’s XRP could be the next contenders, but not before 2025. Speaking on the development, analyst Geoffrey Kendric said:

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. For now, bitcoin and ether dominance will rise, with selective “next in line” winners as well.

Speaking on the development, Ripple CEO Brad Garlinghouse stated that he would welcome an XRP ETF and also believes that there would be multiple ETFs in the market.

The Securities and Exchange Commission (SEC) approved forms 19b-4 filed by potential issuers on Thursday, marking a significant step towards launching a spot Ether ETF. However, this is only one of two necessary forms that require the regulator’s approval. The approval process for the S-1 document, which has been filed by only a few potential issuers, could take weeks, months, or potentially extend indefinitely.

More Crypto ETFs In the Making

Several industry experts have suggested that Solana (SOL) would be a logical choice for a third ETF, given its similarities to Ethereum, per the Crypto News Flash report. Brokerage firm Bernstein noted that, given Ethereum’s classification as a commodity, Solana could follow a similar trajectory. Solana is currently the third-largest cryptocurrency by market cap, following Bitcoin and Ethereum.

In a note released on Thursday, Jaret Seiberg from TD Cowen’s Washington Research Group remarked on the rapid progression of the SEC’s decisions, stating, “This comes about six months faster than we expected… yet this decision was also inevitable once the SEC approved crypto futures ETFs.” Seiberg further speculated that within the next year, there might be an offering that includes a “basket of crypto tokens,” potentially featuring Bitcoin and Ether, but possibly extending to more cryptocurrencies.

Despite potential setbacks, TD Cowen predicts that the SEC, under Gensler’s leadership, will maintain its Democratic majority through 2026. “We expect the agency will continue to litigate against crypto trading platforms that trade tokens believed to be unregistered securities,” the researcher wrote.

Latest Press

post-thumbnail
News
3 hours ago
Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs?
The post Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs? appeared first on C...
READ MORE
post-thumbnail
News
3 hours ago
Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cryptocurrency Scam
The post Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cry...
READ MORE
post-thumbnail
News
3 hours ago
XRP Price Prediction For February 16
The post XRP Price Prediction For February 16 appeared first on Coinpedia Fintech News Ripple’s XR...
READ MORE
post-thumbnail
News
3 hours ago
XRP News: Major Ripple Developments and Global Partnerships Unveiled
The post XRP News: Major Ripple Developments and Global Partnerships Unveiled appeared first on Coin...
READ MORE
default post thumbnail
News
3 hours ago
Looking For The Next Kaspa? Analyst Predicts This RWA Crypto to 10X Before Q3 2025, Here’s Why
As Kaspa (KAS) struggles to hold momentum, analysts are shifting their attention toward Coldware (CO...
READ MORE
default post thumbnail
News
3 hours ago
Kaspa (KAS) Whales Swim Towards Web3 Mobile Provider Releasing Cryptocurrency Priced at $0.0045
As the cryptocurrency market continues to evolve, Coldware (COLD) has emerged as a dominant force in...
READ MORE
default post thumbnail
News
9 hours ago
Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain
The Uniswap price appears to be recovering nicely after a disappointing performance at the beginning...
READ MORE
default post thumbnail
News
9 hours ago
XRP Breaks Key Barrier, Surges Past 100-Day SMA And $2.7 Resistance
XRP has finally shattered a critical resistance level, surging past $2.7 and breaking above the 100-...
READ MORE
default post thumbnail
News
9 hours ago
XRP Price To New All-Time High? Analyst Says $5.8 Is Possible Following ‘Golden Cross’
The XRP price action has been one of the brighter spots in the cryptocurrency space in 2025, weather...
READ MORE
default post thumbnail
News
9 hours ago
Solana, XRP, and Lightchain AI Crypto – What’s in Store for Their Prices During the 2025 Altcoin Boom?
As the cryptocurrency market gears up for the next major altcoin boom in 2025, investors are closely...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started