Crypto Market Outlook: Nate Geraci Predicts XRP and Solana ETF Approvals in 2025

The US cryptocurrency market is poised for significant changes, driven by shifting regulatory landscapes and new leadership at the Securities and Exchange Commission (SEC). According to Nate Geraci, President of ETF Store, the SEC is likely to approve XRP and Solana exchange-traded funds (ETFs) in 2025.

Shifting Regulatory Landscape and ETF Filings

Geraci’s prediction is influenced by the recent momentum in Solana and XRP ETF applications. In June 2024, asset management firm VanEck filed the first Solana ETF product in the US, followed by filings from other entities such as Grayscale, Canary Capital, and 21Shares. Similarly, Canary Capital’s October 2023 filing for an XRP ETF has fueled optimism among market watchers. Despite the ongoing review process by the SEC, confidence for approval remains high.

Change in SEC Leadership: A Key Factor

The change in leadership at the SEC is a crucial factor influencing the potential approval of XRP and Solana ETFs. President-elect Donald Trump’s nomination of Paul Atkins as the next SEC Chair is expected to steer the SEC towards more favorable decisions for digital assets. Atkins is known for his more crypto-friendly stance than the current chair, Gary Gensler.

Bitcoin ETFs: Surpassing Physical Gold ETFs

Geraci’s predictions extend beyond just Solana and XRP. He believes that Bitcoin ETFs will surpass physical gold ETFs in terms of assets under management (AUM). Bitcoin ETFs have already accumulated over $150 billion in AUM in just one year since its launch, a feat that took gold two decades to achieve.

Additional Predictions: Ethereum ETF Staking and Vanguard’s Stance

Geraci also anticipates the approval of Ethereum ETF staking and predicts that Vanguard will likely revise its stance on crypto ETFs soon. These developments, combined with the potential approval of XRP and Solana ETFs, suggest that the US crypto ecosystem is poised for significant changes driven by new regulatory frameworks under the upcoming administration.

Conclusion

In summary, Nate Geraci’s predictions suggest that the US cryptocurrency market is on the cusp of significant changes. With the potential approval of XRP and Solana ETFs, the surpassing of physical gold ETFs by Bitcoin ETFs, and the anticipated approval of Ethereum ETF staking, the US crypto ecosystem is poised for growth and development. As the regulatory landscape continues to evolve, market watchers will be closely monitoring these developments and their impact on the crypto market.

Source: Crypto-news.net

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