- Ripple's Brad Garlinghouse has backed the opportunity of an XRP ETF, echoing predictions from analysts and Customary Chartered Financial institution concerning XRP and Solana.
- Analysts count on XRP and Solana to be main ETF candidates from 2025 onwards, with Bitcoin and Ether dominating the checklist.
- Solana is seen as a logical alternative for a cryptocurrency ETF as a result of its similarities to Ethereum, together with its good contract performance.
Ripple CEO Brad Garlinghouse has spoken positively about an XRP ETF, in step with predictions from analysts and Customary Chartered Financial institution. Crypto fanatic Colin Brown highlighted this improvement on the X-Platform, highlighting rising curiosity in a possible ETF for XRP and Solana (SOL).
With the launch of an Ethereum ETF seemingly imminent, hypothesis has turned to different cryptocurrencies, with analysts together with Customary Chartered Financial institution's Jeffrey Kendrick predicting that XRP and SOL might be possible candidates for the ETF, however not till 2025 or later. Kendrick argues that whereas Bitcoin and Ethereum are prone to improve in dominance, the market will even start to invest in regards to the subsequent ETF, presumably Solana or XRP.
The SEC lately authorized a Type 19b-4 filed by a possible issuer, taking a giant step in the direction of a spot Ether ETF. Nevertheless, that is solely one of many required approvals. The opposite required type, the S-1 doc, is pending approval and should expertise delays. Just a few issuers have filed this type, suggesting a prolonged course of lies forward.
Business consultants see Solana as a logical alternative for the following cryptocurrency ETF. Its similarities to Ethereum, together with its good contract capabilities and powerful market cap, make it a number one candidate. Solana is the third-largest cryptocurrency by market cap, excluding stablecoins Tether (USDT) and Binance Coin (BNB). Based on brokerage Bernstein, Solana might be categorized as a commodity, following the SEC's regulatory classification of Ethereum.
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