Standard Chartered: XRP ETF next

Analysts
are
projecting
spot
Solana
and
Ripple
ETFs
in
2025
following
the
approval
of
Ethereum
ETFs.

First,
a
spot
Bitcoin
ETF.
Then,
a
spot

Ethereum
ETF.
What
is
next? 

Some
analysts
have
forecasted
Solana
as
the
next
project

due
for
an
ETF,
but
Standard
Chartered’s
Geoffrey
Kendrick
echoed
that
a
Ripple
(XRP)
ETF
could
also
come
in
2025. 

“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,”

said
Kendrick.

After
the
U.S.
Securities
and
Exchange
Commission
(SEC)
confirmed
the
approval
of
Spot
Ethereum
ETFs,
momentum
for
other
crypto
ETFs
has
been
building.

Ripple
CEO
Brad
Garlinghouse

hinted
at
this
possibility
through
a
social
media
post
celebrating
the
SEC’s
approval,
calling
it
a
“momentous”
occasion
for
the
industry. 

In
February,
when
asked
about
the
possibility
of
an
ETF,
Garlinghouse

replied,
”We
would
certainly
welcome
it,
and
I
think
it’s
inevitable
that
there’ll
be
multiple
ETFs
around
different
tokens.”

A

spot
crypto
ETF
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.

In
other
words,
crypto
ETFs
allow
retail
traders
to
gain
direct
exposure
to
crypto
prices
without
directly
owning
the
assets.

XRP’s
path
to
a
spot
ETF

The
ongoing

lawsuit
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. 

The
legal
uncertainty
around
Ripple
has
held
the
price
of
XRP
back.
Currently,
it’s
priced
at
$0.53,
below
its

2024
opening
price
of
$0.62. 

A
lawsuit
resolution
is
expected
this
summer,
and
if
favorable,
XRP
should
see
a
price
spike.

Positive
sentiment

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

passed
the
Financial
Innovation
and
Technology
for
the
21st
Century
Act
(FIT21),
essentially
communicating
with
the
crypto
industry
that
the
US
is
welcome
to
crypto. 

Additionally,
crypto
exchange

Coinbase
resumed
XRP
trading
in
the
state
of
New
York,
following
a
suspension
in
2021
due
to
the
lawsuit,
echoing
a
positive
sentiment
towards
the
project.