The cryptocurrency industry is facing a XRP ETF It is closely monitoring the developments regarding whether the company will be approved by the US Securities and Exchange Commission (SEC). Analysts like Godfrey Kendrick are carefully monitoring regulatory signals to predict whether other major crypto assets will receive similar approval.
Following the SEC’s recent approval of Ethereum ETFs, Kendrick believes an XRP ETF could be approved as early as 2025. Dismissing concerns that the ongoing legal dispute between the SEC and Ripple could prevent the approval of the XRP ETF, Kendrick argues that Ethereum’s lack of designation as a security by the SEC creates optimism for other similar altcoins.
As a good example of growing bipartisan support for the cryptocurrency industry, Kendrick points to the FIT21 bill, which has strong support from both Republicans and Democrats. He notes that this bipartisan collaboration could signal a shift toward more favorable regulatory conditions for cryptocurrencies in the United States.
Kendrick predicts that the recently approved Ethereum ETFs could attract between $15 billion and $45 billion in investments in their first year. Despite spot ETF filings being accepted by the SEC, trading has not yet begun in the US market. This is because the relevant S-1 filings are still unapproved, with analysts saying the approval process could take a long time.
Along with his predictions for ETF rules, Kendrick said: EthereumHe also predicts that the price will reach $8,000 by the end of the year. The cryptocurrency industry is in flux as a result of these developments, and experts like Kendrick provide valuable insight into regulatory deadlines, market impacts, and the future prospects of major crypto assets.
While there are still many unpredictable factors, according to Kendrick’s analysis, the industry could move in a positive direction over the next few years thanks to greater investment from institutions and favorable regulatory conditions for cryptocurrencies.
