Following the recent SEC approval of ether spot exchange-traded funds (ETFs), Standard Chartered Bank’s Geoffrey Kendrick has highlighted 2025 as the key year for further expansion in the crypto ETF market.
Kendrick, the head of forex and digital assets research, noted that with Ethereum ETFs now sanctioned, cryptocurrencies like SOL and XRP may soon follow suit, with their ETFs potentially launching in 2025.
The approval, suggesting that Ethereum and similar cryptocurrencies are not classified as securities, may ease the path for other crypto assets. Kendrick believes the similarities in core technology across these digital assets will challenge the SEC’s previous stances, thus opening the door for broader acceptance.
Increased Dominance and Investment Predicted
Investing in Bitcoin and Ethereum, according to Kendrick, will increase among portfolio investors who no longer consider these digital currencies a risky asset class following the SEC’s seal of approval. He expects large inflows into Bitcoin and Ethereum spot ETFs by year-end with $150,000 Bitcoin and $8,000 Ethereum as a target price for the end of the year.
This move by the SEC not only supports the legitimacy of leading cryptocurrencies but also sets a precedent that could reshape the landscape for all subsequent crypto ETFs, enhancing their appeal to institutional investors and strengthening the integration of cryptocurrencies into traditional financial systems.
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