CandleFocus When Solana and XRP ETF? This ETF Expert Has Idea
2024-09-14
Author: Content Editor
In 2024, two exchange-traded funds (ETFs) for spot Bitcoin and spot Ethereum were approved, which has led to expectations for more cryptocurrency-related ETF products. VanEck and 21Shares have applied for a spot Solana ETF with the U.S. SEC, while Grayscale Trust has taken steps towards launching an XRP ETF. However, ETF analyst Nate Geraci believes that the future of ETF approval for Solana, XRP, and other cryptocurrencies could be impacted by political factors. He stated that it is difficult to envision any additional crypto ETFs coming to market under the current administration and suggested that a new administration would be needed for another spot ETF approval, projecting that it might not come until 2025 or 2026.
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