The launch of Ethereum Spot ETFs in the United States could only tickle the wildest fantasies of crypto analysts, even those who are employees by big banks and big investors. Taking to the field again is Standard Charteredwho spoke about new crypto ETFs that will arrive, after those on Ethereum, in the USA.
Second Geoffrey Kendrick Of Standard Charteredthe next candidates are Solana And Ripple XRPa choice that to many will sound – rightly – curious and which however will be the subject of very heated discussions in the coming days and weeks.
On the general topic of upcoming crypto ETFs we have already explored it in our weekly magazine – and we have our doubts, which in our opinion are well founded, about the fact that it is already possible to start talking about new ones in the short term ETFs in the USA, lacking the bases which we will also discuss in this in-depth analysis.
The Standard Chartered analyst speaks: Ripple and Solana in the crosshairs
We are more than sure that many of our readers will welcome this one analyses with due enthusiasm. However, it is worth remembering that this is only an analysis, even though it comes from one of the most important pulpits in the world.
In fact, he is talking Geoffrey Kendrick Of Standard Charteredan analyst who frequently deals with cryptocurrencies and who this time expressed his opinion on the possibility of having others Crypto ETFs in the USA.
For other coins such as XRP and SOL the markets will look to possible ETFs, although this will be a story more for 2025 than for 2024.
G. Kendrick, Standard Chartered
But the most important message of the whole issue which concerns the approval of Ethereum ETFs in the USA it is that which concerns, implicitly, him status of various cryptocurrencies in the USA.
In several cases the underlying technology is similar to Ethereum and it will be difficult for SEC to indicate that they are securities, given the position they have taken on Ethereum.
G. Kendrick, Standard Chartered
Something that could actually change the status of several cryptocurrencies in the USA in a short time, even if now exchange they are quite open to challenging SEC and continuing to keep several of the cryptocurrencies that have ended up under the agency’s ax in their lists anyway.
Before you speculate…
Be careful, because SOL and ETFs in the United States.
We will see if what happened to Ethereum will actually be of help for other assets, in terms of attractiveness for large managers, who could now feel protected from possible cyber attacks. SEC.
