XRP could be next candidate to get its own ETF, according to Standard Chartered
When asked about the possibility of launching an ETF for the XRP cryptocurrency in January, BlackRock CEO Larry Fink said that he could not talk about it. However, Ripple CEO Brad Garlinghouse said that altcoin-based XRPs seemed to be “inevitable.” He said that that the company would welcome such a product for XRP.
Notably, a bipartisan group of House lawmakers recently sent SEC Chair Gary Gensler a letter urging the agency to approve ETFs for Ethereum as well as “other” digital assets. Leading ETF analyst Eric Balchunas recently said that he would not be surprised if ETF issuers “pounce on SEC vulnerability” to file products for all kinds of altcoins. , a CNBC contributor recently predicted that Solana could be the next altcoin to get its own ETF after Ethereum.
Standard Chartered appears to be on the same page, suggesting that the popular “Ethereum killer” could also be a likely ETF candidate, alongside XRP.Earlier this week, the leading altcoin surged to $4,095 on Bitstamp following the SEC’s approval.However, the Ethereum ETF will not start trading until the approval of its S-1 registration statements.
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