Standard Chartered analyst points to 2025 for ETF approval of other cryptocurrencies

The approval of Ether spot ETFs by the SEC has sparked a similar debate for other cryptocurrencies. Analysts at Standard Chartered, the world-renowned British bank, stated in their latest assessment that cryptocurrencies similar to Ether may not be considered securities and ETFs of those assets may also be approved in the future.

Standard Chartered analyst points to 2025 for ETF approval of other cryptocurrencies

While the approval of spot ETFs for Ether after Bitcoin made a big noise in the financial world, Geoffrey Kendrick, an analyst at Standard Chartered bank, added to the analysts who said that new crypto ETFs may come.

“It would be difficult for the SEC”

Geoffrey Kendrick, who recently stated that the price of Ether could rise to $8,000 if the ETH ETF is approved, and in this year’s reports, Geoffrey Kendrick, who made a Bitcoin forecast of $150 thousand for the end of 2024 and $250 thousand for the end of 2025, made the following statements:

“For other coins markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story not a 2024 one, 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. The crypto industry now seems to have political backing on both sides of the aisle.”

Kendrick stated that the question is not whether the market will experience such regulatory changes, but when they will happen.

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