SOL, XPR Could Be Possible Candidates for ETFs, Standard Chartered Says
Summary
The approval of a filing for a spot ether (ETH) exchange-traded fund (ETF) has sparked speculation about the next cryptocurrency to follow suit. Standard Chartered suggests Solana (SOL) or Ripple's XRP could be contenders, but not until 2025. The Securities and Exchange Commission (SEC) has approved forms 19b-4 filed by potential issuers, a crucial step towards launching a spot ether ETF. However, approval of the S-1 document could take weeks or even months. Some industry experts believe SOL would be a logical choice for a third ETF due to its similarities to Ethereum. Solana is the third largest cryptocurrency by market cap, excluding stablecoin Tether (USDT) and Binance Coin (BNB).
