Following the recent approval of ether spot ETFs, Standard Chartered analyst Geoffrey Kendrick is now looking at what might be next.
Following the recent approval of ether spot exchange-traded funds, Standard Chartered Bank analyst Geoffrey Kendrick says that the next chapter of crypto ETFs may be around the corner in 2025.
The approval of ether spot ETFs on Thursday suggests that ETH is not classified as a security by the SEC, thereby implying that other ETH-like coins, which were previously under scrutiny in cases such as the 2023 XRP case, may also not be considered securities, according to Kendrick. He called this backing for crypto in the U.S. a "true watershed moment." Kendrick said that the next question is not whether but when the market will see further regulatory changes.While the market looks ahead for more crypto ETFs, for now, Kendrick expects dominance in bitcoin and ether will increase, particularly in a Sharpe ratio context, with certain "next in line" winners emerging as well.
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