Row 80300
Content Data
This page contains data entry 80300 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
I had estimated 2025 for the SOL ETF - esp when adoption ramps even more post firedancer... hope that is a success and if it is it will be a massive game changer to all things crypto and Blockchain. But here is a quick status regarding the Solana ETF.
Standard Chartered analyst Geoffrey Kendrick said that cryptocurrency ETFs such as SOL and XRP may be approved in 2025, and the approval of the ETH ETF means that ETH and similar cryptocurrencies will not be classified as securities. Trading in the ETH ETF is expected to begin next month, potentially bringing in $15 billion to $45 billion in inflows in the first 12 months. Standard Chartered’s Geoffrey Kendrick says that other crypto ETFs may find approval in 2025.
Kendrick suggests that the approval of ETH ETFs implies that ETH and similar cryptocurrencies are not securities. The approval of ether spot ETFs on Thursday suggests that ETH is not classified as a security by the SEC, thereby implying that other ETH-like coins, which were previously under scrutiny in cases such as the 2023 XRP case, may also not be considered securities, according to Kendrick.
"In several cases the core technology is so similar to ETH it would be difficult for the SEC to claim they were securities given the ETH position," Kendrick said. "The crypto industry now seems to have political backing on both sides of the aisle."
He called this backing for crypto in the U.S. a "true watershed moment." Kendrick said that the next question is not whether but when the market will see further regulatory changes. Kendrick continues to expect a strong inflow for spot bitcoin ETFs and, subsequently, a $150,000 BTC price target by year-end. "A portfolio containing both BTC and ETH ETFs is likely attractive and the industry has been further validated by the SEC's decision on ETH," Kendrick said.
Regarding ETH ETFs, Kendrick expects trading to commence next month and reiterates that such funds could bring in inflows worth $15-$45 billion within the first 12 months. He also reiterates his previous projection of ETH reaching $8,000 by year-end.
The SEC only approved 19b-4 forms for spot ETH ETFs on Thursday, while S-1 registrations are still pending for sign-off so that the funds can begin trading. The approval for 19b-4 forms was given to eight applicants — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin — all in one omnibus order.
-James, InvestAnswers
| Field | Value |
|---|---|
| text | I had estimated 2025 for the SOL ETF - esp when adoption ramps even more post firedancer... hope that is a success and if it is it will be a massive game changer to all things crypto and Blockchain. But here is a quick status regarding the Solana ETF. Standard Chartered analyst Geoffrey Kendrick said that cryptocurrency ETFs such as SOL and XRP may be approved in 2025, and the approval of the ETH ETF means that ETH and similar cryptocurrencies will not be classified as securities. Trading in t… |
| label | r/cryptocurrency |
| dataType | post |
| communityName | r/CryptoCurrency |
| datetime | 2024-05-24 |
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Raw Record
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"text": "I had estimated 2025 for the SOL ETF - esp when adoption ramps even more post firedancer... hope that is a success and if it is it will be a massive game changer to all things crypto and Blockchain. But here is a quick status regarding the Solana ETF. \n\nStandard Chartered analyst Geoffrey Kendrick said that cryptocurrency ETFs such as SOL and XRP may be approved in 2025, and the approval of the ETH ETF means that ETH and similar cryptocurrencies will not be classified as securities. Trading in the ETH ETF is expected to begin next month, potentially bringing in $15 billion to $45 billion in inflows in the first 12 months. Standard Chartered’s Geoffrey Kendrick says that other crypto ETFs may find approval in 2025.\n\nKendrick suggests that the approval of ETH ETFs implies that ETH and similar cryptocurrencies are not securities. The approval of ether spot ETFs on Thursday suggests that ETH is not classified as a security by the SEC, thereby implying that other ETH-like coins, which were previously under scrutiny in cases such as the 2023 XRP case, may also not be considered securities, according to Kendrick.\n\n\"In several cases the core technology is so similar to ETH it would be difficult for the SEC to claim they were securities given the ETH position,\" Kendrick said. \"The crypto industry now seems to have political backing on both sides of the aisle.\"\n\nHe called this backing for crypto in the U.S. a \"true watershed moment.\" Kendrick said that the next question is not whether but when the market will see further regulatory changes. Kendrick continues to expect a strong inflow for spot bitcoin ETFs and, subsequently, a $150,000 BTC price target by year-end. \"A portfolio containing both BTC and ETH ETFs is likely attractive and the industry has been further validated by the SEC's decision on ETH,\" Kendrick said.\n\nRegarding ETH ETFs, Kendrick expects trading to commence next month and reiterates that such funds could bring in inflows worth $15-$45 billion within the first 12 months. He also reiterates his previous projection of ETH reaching $8,000 by year-end.\n\nThe SEC only approved 19b-4 forms for spot ETH ETFs on Thursday, while S-1 registrations are still pending for sign-off so that the funds can begin trading. The approval for 19b-4 forms was given to eight applicants — Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin — all in one omnibus order.\n\n-James, InvestAnswers ",
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Entry Information
- Entry ID: 80300
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000