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SUI ETF Moves Forward With Canary’s Filing

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  • SUI ETF in the works! Canary Capital files for trust, SEC approval next?
  • The price however, stalled. Breakout above $3 needed, or dump incoming soon.
  • Strategic reserve hopes! World Liberty Financial adds the token, but market unimpressed.

Canary Capital is one step closer to bringing a SUI ETF to market. The investment firm has just filed to establish a trust entity in Delaware. Through this official SEC submission, Canary Capital now awaits regulatory approval, signaling growing institutional interest in the token.

The filing comes after World Liberty Financial’s recent announcement of a partnership with the Sui blockchain, with plans to include the token in its strategic reserve fund “Macro Strategy.” These developments showcase the increasing attention the layer-1 blockchain project is receiving from traditional financial players.

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SUI ETF Moves Forward With Canary's Filing 3

As reported by TronWeekly earlier, WLFI decided to include Sui as part of its effort to integrate essential decentralized financial assets into its network. Zak Folkman from WLFI referenced “American-born innovation” alongside large-scale use as the primary reasons behind his organization’s decision to collaborate with the layer-1 blockchain. Partnering between platforms will improve development features and expand blockchain application capacities.

Despite these positive developments, SUI‘s price action remains subdued. Even after the World Liberty Financial announcement, the altcoin failed to experience a significant price surge.

SUI’s Do-or-Die Level: $3 or Bust?

Technical analysis indicates that SUI needs a decisive breakout above the $2.8-$3.0 range to avoid a potential price decline. The current chart suggests that if this breakout doesn’t materialize, a dump could be imminent.

SUI
Source: @cryptosanthoshK

Crucial levels, even after Trump World liberty Strategic announcement, $SUI didn’t pump much. Needs a breakout over 2.8-3$, if not possible dump incoming soon. Research.

The juxtaposition of the ETF filing and strategic reserve news with the stagnant price raises questions about market sentiment and the immediate impact of these developments. Investors are now closely watching for a potential breakout, as this could be a crucial turning point for the altcoin.

The success of the proposed SUI ETF, along with its inclusion in strategic reserves, could significantly boost its long-term prospects. However, the short-term price action remains uncertain, highlighting the inherent volatility of the cryptocurrency market.

Japan Approves  Crypto ETFs and Propose Taxes Reduction of 20%

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  • Japan’s Liberal Democratic Party (LDP) Proposes that there is a reduction of the capital gain tax on cryptocurrency from 55% to 20% 
  • The Financial Services Agency (FSA) also recommends creating a new category for intermediary businesses to help reduce gaming firms and wallet providers’ barriers to engaging in crypto transactions.

Japan has set out to make significant changes to its cryptocurrency rules. The ruling party has introduced a new framework under the Financial Instruments and Exchange Act. 

Japan’s Liberal Democratic Party (LDP) , which is the nation’s ruling political party, is advancing some significant regulations in regards to cryptocurrency. 

Japan’s Plan to Lower Crypto Taxes and Redefine The Crypto Ecosystem 

Some of the changes are aimed at reducing the capital tax gain on digital assets from 55% to 20% and also establish cryptocurrencies as a distinct asset class, separate from traditional securities under the Financial Instruments and Exchange Act. 

LDP lawmaker Akira Shiizaki has indicated that this new classification is an important  component of the whole reform agenda. In addition to tax reductions, the LDP also suggests that cryptocurrency derivatives trading should also receive the same tax treatment as spot investments. 

The party also proposed that there be reduced taxes on crypto-to-crypto swaps, and taxes only charged when crypto is converted into fiat currency. 

These measures reflect Japan’s evolving stance toward digital assets, moving away from previous caution and signaling a more open approach to cryptocurrency investments.

Japan’s Previous Stance on Cryptocurrency 

Historically, Japan has maintained a balanced approach to cryptocurrency regulation, as the country strives between fostering crypto innovation and ensuring consumer protection.

In November 2024, the government passed an economic stimulus bill that included commitments to reform cryptocurrency taxation, with the LDP seeking public input on these reforms until March 31, 2025. This initiative underscores the government’s intent to adapt its policies to the growing prominence of digital assets.

To further streamline the whole cryptocurrency ecosystem, the FSA also recommended creating a new category for intermediary businesses with more simplified regulatory requirements. This proposal aims to lower barrier entries for gaming companies and wallet providers, enabling them to engage in crypto transactions without the extensive compliance obligations faced by full-scale exchanges. 

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Grayscale’s Solana ETF: Will the SEC Finally Give the Green Light?, Report

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  • The SEC has acknowledged Grayscale’s amended application for a Solana ETF, a shift from previous rejections under Chair Gary Gensler.
  • Legal experts highlight that the SEC’s classification of Solana as a security complicates its evaluation for a commodities ETF approval.
  • The approval timeline for the Solana ETF remains uncertain, with predictions ranging from late 2024 to as far as 2026 due to review delays.

The U.S. Securities and Exchange Commission (SEC) has finally responded to Grayscale’s amended application to list Solana (SOL) Exchange-Traded Fund. This is a significant change compared to the previous Solana ETF rejections that the commission made under Gary Gensler as the SEC chairpersons. Those were mainly influenced by regulatory issues resulting from categorizing Solana’s products as commodity trust shares.

Challenges in Solana ETF Approval

Finance lawyer Scott Johnsson shared his insights about the situation that the refusals made by the SEC have arisen due to the classification of SOL. The regulator has always dealt with Solana in a way that has made it impossible to categorize it under the commodities ETF. As noted by the Bloomberg analyst James Seyffart in January, the SEC’s Division of Enforcement now categorizes SOL as a security. Due to this classification it has been difficult to evaluate SOL under the commodities bucket that is essential in getting an ETF approval.

The flow of most experts has not been definite on the approval of the Solana ETF, which has made it difficult to provide an accurate timeline. Nate Geraci, President of ETF store recommended that approval could be as early as by end of next year given the massive interaction of the SEC with issuers this year. 

Crypto ETF Market Growth

On the same, Seyffart said that approval may take up to the year 2026, stating that the SEC normally takes 240 to 260 days to review such filings. Since there is no definite way in which this will be done, this has led to much debate on the timing in question.

This recognition of Grayscale’s application comes as the market sees higher interest in the known crypto ETFs. Several major applicants such as 21Shares, Bitwise, VanEck, and Canary Capital are all seeking to get their spot Solana ETFs. 

On January 28, the Cboe BZX Exchange filed 19b-4 forms for these issues, which signified a significant development in the campaign for approval. The pressure to approve rises as competition intensifies reflecting the steady trend of investors seeking crypto-related financial services.

However, besides SOL, there are many more applications from those wishing to launch a crypto ETF under consideration by the SEC. Grayscale has applied for a Litecoin, and BlackRock seeks to make alterations through in-kind options for its iShares Bitcoin ETF. These filings indicate the increase in the market of cryptocurrencies investment products.

Franklin Templeton Pushes for Crypto ETF—Regulators Hold Key

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  • Franklin Templeton has applied for SEC approval to launch a new Crypto Index ETF.
  • The ETF will expose Bitcoin and Ether under the ticker symbol EZPZ.
  • The fund will track spot prices and rebalance its holdings every quarter.

Franklin Templeton has applied for regulatory approval to launch the Franklin Crypto Index ETF, expanding its digital asset offerings. The fund will expose Bitcoin and Ether to a single investment vehicle listed on the Cboe BZX Exchange. Following Donald Trump’s election victory, the firm aims to capitalize on the growing demand for cryptocurrency investment products.

The latest filing represents the Second amendment to the firm’s S-1 registration statement for the ETF. Franklin Templeton seeks to include a broader range of digital assets in the future. However, any expansion of assets will require additional regulatory approvals before implementation.

If approved, the ETF will track the spot prices of Bitcoin and Ether, with each weighted according to market capitalization. As of February 5, Bitcoin comprised 86.31% of the index, while Ether accounted for 13.69%. The fund’s underlying index will be rebalanced quarterly in March, June, September, and December.

Franklin Templeton Plans to Expand Crypto ETF

Franklin Templeton has indicated that it may incorporate additional cryptocurrencies into its ETF. However, including new tokens depends on regulatory approvals for the ETF and the Cboe BZX Exchange. The company intends to keep its funds adaptable to evolving regulatory conditions in the cryptocurrency sector.

The firm acknowledged the risks associated with digital assets, particularly concerning blockchain network forks. A temporary or permanent fork could reduce asset values, affecting the ETF’s overall performance. Additionally, competition from emerging blockchain platforms such as Solana, Avalanche, and Cardano could weaken investor demand for Bitcoin and Ether.

Franklin Templeton remains optimistic about the ETF’s market potential despite these risks. The firm expects fund shares to be actively traded under the EZPZ ticker. However, it noted that market liquidity is not guaranteed, which could impact price stability.

Solana and XRP ETFs Await SEC Decision

The SEC has historically resisted cryptocurrency ETFs, citing investor protection concerns. However, regulatory sentiment shifted last year when the agency approved ETFs for Bitcoin and Ether. These approvals opened the door for broader institutional and retail participation in digital assets.

Several asset managers have submitted proposals for ETFs tied to other cryptocurrencies following this shift. Applications for Solana and XRP-based funds are under review, with potential approvals expanding the crypto ETF market. Investors are closely watching the SEC’s decisions, which could shape the future of cryptocurrency-based investment products.

Recently, Bitwise secured initial approval for its ETF tracking both Bitcoin and Ether. The SEC granted accelerated approval for NYSE Arca to list and trade the hybrid fund’s shares. This development highlights the growing acceptance of cryptocurrency ETFs in mainstream financial markets.

Tuttle Capital’s 10 Leveraged Crypto ETFs: XRP, Solana, and Memecoins

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  • Crypto innovation continues as Tuttle Capital files for leveraged ETFs tracking memecoins like Trump and Melania, blending digital assets with finance.
  • The new 2x leveraged ETFs include assets like XRP, Solana, and Litecoin, amplifying returns but increasing risk compared to standard ETFs.
  • Tuttle’s filing marks the first U.S. asset manager to propose leveraged ETPs for crypto, challenging the SEC’s evolving regulatory stance.

Crypto innovates in finance yet again with Tuttle Capital, a Delaware-based company, filing for leveraged ETFs that are based on memecoins. In the new funds, there are the Official Trump and Melania Meme tokens, which show the way toward the integration of digital assets into traditional finance. This is because the firm is seeking to meet the increasing market need for new and diverse digital assets in the financial market.

The filing features ten 2x leveraged ETFs which include such digital assets as XRP, Solana, Litecoin, Cardano, Polkadot, and memecoins named Trump and Melania. Leveraged ETFs are inversely correlated and provide double the return of their underlying assets for the day. But this also raises the risks because they are not as stable as the traditional ETFs that are created to mirror the performance of the asset in question one-on-one.

Crypto ETFs Break New Ground

James Seyffart from Bloomberg mentioned that Tuttle’s filing is the first one of this kind. The company is the first US-based asset manager to suggest leveraged ETPs that will track cryptocurrencies such as Chainlink, Cardano, Polkadot, and even the Melania Meme token. This filing expands the possibilities of how digital assets can be served up to the broader investing public.

According to Bloomberg’s Eric Balchunas, the filings are rather odd because most of the proposed funds do not even have a simple spot ETF version. However, he also noted that given these are filings under the 40-Act, they can be approved by April unless the SEC intervenes. Given that the applications for Dogecoin and Trump-themed ETFs have not been pulled, Balchunas observed that the SEC may be more receptive to digital assets.

The U.S. Securities and Exchange Commission (SEC) has been through many changes in the recent past. The leadership of Commissioner Hester Peirce has seen the agency embrace more digital assets products. Peirce created a special crypto working group that was aimed at eliminating the uncertainty within the legal framework, and this has made more managers of assets to venture into crypto ETFs.

SEC Opens Doors for Crypto

Seyffart said that Tuttle’s filing was a challenge to the new approach the SEC was taking. Since Bitcoin and Ethereum spot ETFs have been approved, many asset managers are ready to try new products linked to digital assets. These products may thus open the door for more crypto-related ETFs in the future as more investors are interested in these products.

On December 18th, the SEC gave its approval to Bitcoin and Ethereum index ETFs from Hashdex and Franklin Templeton, approving them with “accelerated approval”. Such ETFs, which started trading on the Cboe BZX and Nasdaq exchanges, have paved the way for other crypto-based ETFs.

If leveraged memecoin ETFs by Tuttle work out, the future of the crypto asset investment can be dramatically changed. With the SEC becoming more open to the cryptocurrency industry, investors may gain exposure to a broader variety of new digital asset investments in the near future.

Crypto ETF Surge: ProShares, CoinShares, and More Filing Before Gensler’s Exit, Report

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  • Crypto ETF filings surge before Gensler’s departure, with firms eyeing Solana and XRP for futures-based ETFs.
  • ProShares and Volatility Shares file for Solana ETFs, despite concerns over liquidity in Coinbase futures market.
  • CoinShares and VanEck expand crypto ETF offerings, signaling growth in digital asset-focused investment products.

Cryptocurrency industry has witnessed a rise in ETF filings just before Gary Gensler left his position as the head of the U.S. Securities and Exchange Commission (SEC) on January 20. Several applications were made on January 17 by leading investment firms suggesting more and more companies are showing interest in crypto ETFs. These filings are happening while new administration of President elect Donald Trump is expected to bring changes in the regulation which may be more favorable to crypto currencies.

Among the top filings, ProShares which is an asset management firm submitted an application for a Solana Futures ETF. This fund will allow the investors to get exposure to the price volatility of SOL using futures contracts. 

Solana, a popular cryptocurrency, has no CME futures, and the analysts warn that the liquidity of Coinbase’s Solana futures is still doubtful. However, ProShares’ filing shows that more and more institutional investors are looking to participate in Solana through a tradable product.

Besides ProShares, another investment management firm Volatility Shares submitted a similar application in December. Nonetheless, considering the existing requirements for such products, the Solana ETFs may not be launched in the United States before 2026.

CoinShares Expands Crypto ETFs

CoinShares, which used to operate under the name Valkyrie Funds, has also applied for an ETF on 17th January. The CoinShares Digital Asset ETF will utilize the Compass Crypto Market Index and offer exposure to the various digital assets. This decision shows the expansion within the crypto ETF space. At the same time, ProShares applied for several ETFs tied to XRP, such as leveraged, inverse, and futures contracts based ETFs.

Tidal DeFi, a company that manages assets based on decentralized finance, has submitted an application for the Oasis Capital Digital Asset Debt Strategy ETF (DADS). This fund intends to invest in the debt securities of companies associated with the crypto market including miners, utilities and payment services. This is an indication that there is increasing focus on the basic financial products that are related to the crypto market.

Crypto Market Awaits Policy Shift

Another major asset manager, VanEck, filed for the “Onchain Economy” ETF on January 15. The investments made from this fund will be made across numerous companies in the crypto space, such as software companies, exchanges and infrastructure firms.

As Gensler finishes his term as SEC chair, experts and observers have come to expect that these filings will be evaluated under a new set of rules. Outsiders’ lawsuits against major exchanges such as Coinbase and Binance defined Gensler’s term. However, with the change of guard, the crypto market is expecting better policies and rules for the market.

Grayscale Executive Predicts a Year of Smaller Crypto Wins in 2025

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Key Takeaways:

  • The crypto industry anticipates numerous smaller victories in 2025, including increased institutional adoption and clearer regulations.
  • Bitcoin’s recent volatility ties to macroeconomic factors, including dollar strength and policy shifts.
  • Grayscale’s pivotal role in shaping the crypto ETF landscape remains influential.

The crypto industry made headlines in 2024 with two significant victories: the approval of spot crypto ETFs and the Trump administration’s pro-crypto sentiment. These developments fueled Bitcoin’s rally to a high of $108,000 before experiencing a correction.

Grayscale Investments’ managing director of research, Zach Pandl, shared insights during a webinar on what to expect in 2025, emphasizing the potential for numerous smaller advancements across the industry.

Pandl noted that institutional adoption and legislative clarity are poised to gain traction, potentially positioning Bitcoin as a US reserve asset. These dynamics could elevate crypto from a niche investment class to a more mainstream financial instrument.

He highlighted how macroeconomic trends, such as the Federal Reserve’s monetary policy and dollar strength, have shaped Bitcoin’s price movements, emphasizing its status as a major macro asset comparable to gold.

Grayscale’s Pioneering Role

Grayscale’s journey has been instrumental in the crypto industry’s evolution. The firm’s landmark lawsuit against the SEC in 2023 led to the approval of Bitcoin ETFs, marking a turning point in investor access.

These ETFs now command over $100 billion in assets, illustrating the growing appetite for crypto exposure. Pandl recounted his transition from traditional finance to crypto, motivated by Bitcoin’s transformative potential and Grayscale’s commitment to innovation.

As the largest crypto asset manager with $31 billion under management, Grayscale continues to expand its offerings, including Ethereum ETFs and private funds targeting decentralized finance and AI applications. Pandl reaffirmed the firm’s dedication to shaping the industry’s future by advocating for fair regulations and fostering broader adoption.

Navigating 2025 and Beyond

Looking ahead, Pandl emphasized the interplay between macroeconomic forces and crypto market dynamics. Bitcoin’s recent pullback reflected portfolio rebalancing and profit-taking by investors following its rapid ascent. These pressures, however, are seen as temporary, with expectations for renewed momentum as the year progresses.

With the Trump administration expected to introduce pro-crypto legislation, the industry remains optimistic about regulatory advancements and institutional adoption.

Pandl underscored the importance of viewing Bitcoin through a macroeconomic lens, highlighting its potential to thrive in an increasingly digital and interconnected financial landscape.

As 2025 unfolds, the crypto industry is poised for steady progress, marked by incremental victories that build upon the foundations laid by landmark achievements in prior years.

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Brazil Eyes Bitcoin Revolution: Will It Follow El Salvador’s Lead? Reserve Bill Hits Congress

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Brazil’s Chamber of Deputies is set to debate a proposed bill to create a Strategic Bitcoin Reserve. Congressman Eros Biondini introduced the bill, which suggests allocating up to 5% of Brazil’s international reserves to Bitcoin. If approved, Brazil could diversify its national assets and enhance financial resilience.

Brazil Considers Bitcoin Reserve to Boost Economy

The bill emphasizes Bitcoin’s potential to hedge against geopolitical risks and currency exchange rate fluctuations. Congressman Biondini stated that a Bitcoin reserve would diversify assets while safeguarding the nation’s economy. This initiative could lead Brazil to acquire up to $3 billion worth of Bitcoin, contingent on legislative approval.

Brazil currently holds no Bitcoin in its reserves, unlike Venezuela, which owns 240 BTC. The proposed reserve aligns with the growing trend of crypto adoption among governments worldwide. According to analysts, such measures could strengthen Brazil’s position in the global financial system.

The lawmaker highlighted Bitcoin’s resilience and growing recognition as a strategic financial asset.

“This proposal aims to secure Brazil’s economic future,” Biondini asserted during a recent session.

Legislators are expected to deliberate the bill in the coming weeks.

Bitcoin Adoption Gains Momentum Across Latin America

Brazil’s proposal follows the precedent set by countries like El Salvador and Bhutan, which have adopted Bitcoin as a reserve asset. El Salvador became the first nation to implement a Bitcoin strategy, while Bhutan integrated Bitcoin into its sovereign wealth funds. These developments highlight Bitcoin’s growing role in international finance.

Similar initiatives are gaining momentum in the United States, with President-elect Donald Trump advocating for a Strategic Bitcoin Reserve. Reports indicate that a dedicated Crypto Advisory Council will oversee this plan. Pro-crypto Senator Cynthia Lummis has introduced a bill for the U.S. to purchase one million BTC within five years.

Brazil’s move signals increasing acceptance of Bitcoin among global policymakers. Crypto ETFs in Brazil have also seen record demand as Bitcoin nears $100,000. Such trends indicate that Bitcoin adoption is gaining traction in Latin America and beyond.

Creating a Strategic Bitcoin Reserve would mark Brazil’s entry into sovereign Bitcoin investments. This move could solidify its position as a regional leader in crypto adoption. Analysts suggest this step may pave the way for other Latin American nations to follow suit.

Although Brazil lacks existing Bitcoin holdings, its experience with crypto ETFs demonstrates familiarity with blockchain-based assets. Increased adoption may attract global investors and boost the nation’s financial stability. Moreover, a Bitcoin reserve could provide a buffer against external economic shocks.

S.Korea’s Crypto ETF Ban Reevaluation: 61% Trade Volume Surge Red Flags

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  • South Korea’s FSC plans to reevaluate its ban on local spot cryptocurrency ETFs and institutional accounts, signaling a shift in regulatory stance.
  • The approval of spot bitcoin ETFs in the U.S. has pressured the FSC to consider local listings, reflecting a potential policy change.
  • Upbit dominates the market, handling 61% of trade volume, raising concerns about its influence on partner K-bank and implications for its IPO plans.

South Korea’s Financial Services Commission (FSC) has announced a significant shift in its approach to cryptocurrency regulation. The FSC stated that it would reevaluate the ban on local spot cryptocurrency exchange-traded funds (ETFs) and institutional accounts on crypto exchanges. This decision comes as part of a broader discussion on digital asset policies through its newly formed cryptocurrency committee.

Historically, the FSC has maintained a strict stance against digital asset exposure within traditional financial markets. However, the regulator’s recent report for the annual audit reveals a willingness to reconsider its previous decisions. This marks a notable departure from its past opposition to cryptocurrencies.

The potential for change has been heightened by the approval of spot bitcoin ETFs in the United States earlier this year. The success of these financial products has led to increasing pressure on South Korean regulators to adapt. While the FSC has reaffirmed its commitment to the existing ban, there is now an indication of a more open-minded approach to local crypto ETF listings.

Investigating Monopolistic Structures of Crypto Exchanges

In addition to reviewing ETFs and institutional accounts, FSC chair Kim Byung-hwan has announced plans to investigate the monopolistic structure of South Korea’s digital asset exchanges. Upbit’s dominance has raised concerns among regulators and lawmakers alike. Kim’s comments were spurred by Democratic Party lawmaker Lee Kang-il, who highlighted the financial relationship between Upbit and its partner, K-bank.

K-bank, a key player in South Korea’s digital banking sector, has become increasingly reliant on Upbit. Lee pointed out that Upbit deposits constitute 20% of K-bank’s total deposits, raising alarm over the potential risks if their partnership were to falter. This reliance could pose a significant threat to K-bank’s upcoming initial public offering (IPO) plans, as the stability of the neo bank hinges on its relationship with Upbit.

As South Korea’s financial watchdog reevaluates its position on cryptocurrency regulation, the potential approval of local spot ETFs could reshape the digital asset landscape in the country. With pressure mounting from lawmakers and market participants, the FSC’s forthcoming decisions will be crucial in determining the future of cryptocurrency trading and investment in South Korea. The implications of these changes could extend far beyond the local market, influencing global digital asset trends and investor sentiment.

SEC Approval for Crypto ETFs Faces Hurdles After Ethereum Greenlight, Says JPMorgan

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The re­cent approval of spot Ethereum e­xchange-traded funds (ETFs) by the U.S. Se­curities and Exchange Commission (SEC) has ignited hope­ for wider access to cryptocurrency inve­sting through ETFs. However, major investme­nt bank JPMorgan is tempering the prospects of similar approvals for othe­r popular cryptocurrencies like Solana (SOL) anytime­ soon.

Nikolaos Panigirtzoglou, managing director and global market strategist at JPMorgan, e­xpressed skepticism towards the­ SEC’s willingness to greenlight additional crypto ETFs. According to Panigirtzoglou, the­ SEC’s historical stance on classifying most cryptocurrencies as se­curities creates a significant hurdle­.

“The decision by the SEC to approve ETH ETFs is already a stretch given the ambiguity about Ethereum’s classification,” Panigirtzoglou said. “We believe the SEC is unlikely to go further by approving Solana or other token ETFs, considering their stronger view on these assets being securities compared to Ethereum.”

Shift in Crypto ETFs Approvals

Panigirtzoglou suggests that a shift in the­ regulatory landscape, with U.S. policymakers classifying most cryptocurre­ncies as non-securities, could pave­ the way for broader crypto ETFs approvals. Howeve­r, such legislation is currently non-existe­nt.

The SEC’s abrupt approval of spot Ethereum ETFs last we­ek raised eye­brows among some analysts. Several spe­culated that the decision might be­ politically motivated, considering the SEC’s last-minute­ re-engageme­nt with stakeholders after months of stalle­d conversations.

This move resulte­d in the approval of 19b-4 forms for eight spot Ethere­um ETF applicants – Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Inve­sco, Fidelity, and Franklin – in a single omnibus order on May 23rd. While­ S-1 registrations for these ETFs are­ still pending, several analysts anticipate­ trading to commence within the coming we­eks.

JPMorgan’s pessimism regarding future­ crypto ETF approvals contrasts with the optimism expresse­d by other analysts. Standard Chartered Bank’s Ge­offrey Kendrick rece­ntly predicted the gre­enlight for Solana and XRP ETFs in 2025. Similarly, TD Cowen’s Jaret Se­iberg anticipates a wider range­ of crypto ETFs, including basket funds encompassing multiple crypto toke­ns, to emerge within the­ next year.

The contrasting vie­wpoints highlight the current uncertainty surrounding crypto ETF re­gulations in the United States. While­ the Ethereum ETF approval signifie­s a potential shift, the path forward for broader acce­ss to various cryptocurrencies through ETFs remains uncle­ar.

Related Reading | Solana (SOL) Hints at Rebound Amid Analyst Optimism and ETF Prospects