- Ripple’s Brad Garlinghouse supports potential XRP ETFs, echoing analysts’ and Standard Chartered’s forecasts for XRP and Solana.
- Analysts predict XRP and Solana will be strong ETF candidates after 2025, with Bitcoin and Ether expected to see increased dominance.
- Solana is viewed as a logical choice for a cryptocurrency ETF due to its similarities to Ethereum, including smart contract functionality.
Ripple CEO Brad Garlinghouse has signaled openness to an XRP ETF, aligning with forecasts from analysts and Standard Chartered Bank. Collin Brown, a cryptocurrency enthusiast, emphasized this development on the X platform, heightening the growing interest in potential ETFs for XRP and Solana (SOL).
As the launch of an Ethereum ETF appears more imminent, speculation has turned to other cryptocurrencies. Analysts, including Geoffrey Kendric from Standard Chartered, predict that XRP and SOL could be strong candidates for ETFs, although not until after 2025. Kendric asserted that Bitcoin and ether will likely see their dominance rise, but the market will also start speculating about the next one, likely Solana or XRP.
The SEC recently approved forms 19b-4 filed by potential issuers, marking a significant step towards a spot Ether ETF. However, this is just one of the required approvals. The S-1 document, another necessary form, awaits approval and could face delays. Only a few issuers have filed this form, indicating a lengthy process ahead.
Industry experts view Solana as a logical choice for the next cryptocurrency ETF. Its similarities to Ethereum, including smart contract functionality and strong market capitalization, make Solana a prime candidate. Solana ranks as the third-largest cryptocurrency by market cap, excluding stablecoin Tether (USDT) and Binance Coin (BNB). According to Bernstein, a brokerage firm, Solana may follow Ethereum’s regulatory classification as a commodity by the SEC.
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