Standard Chartered analyst, Geoffrey Kendrick, has suggested that besides Ethereum, other cryptocurrency ETFs such as Solana and XRP could receive approval by 2025. Kendrick stated that the recent approval of spot Ethereum ETFs by the SEC indicates that Ethereum is not classified as a security, which could also apply to other similar coins like XRP. He further mentioned that the core technologies of some altcoins are so similar to Ethereum that it would be difficult for the SEC to argue that they are securities. Kendrick believes that a portfolio including both Bitcoin and Ethereum ETFs could be attractive, and the SEC’s decision on Ethereum further confirms the potential of the sector.
