Amid a shifting political climate, Nate Geraci anticipates the crypto ecosystem could see the launch of XRP and Solana ETFs this year.
Nate Geraci, President of the ETF Store, has disclosed his top ten predictions for the crypto exchange-traded fund ecosystem, with XRP and Solana being the primary focus.
Nate Geraci, like numerous industry professionals, anticipates a substantial transformation in the ecosystem this year.
Prospect Of XRP, Solana ETF In 2025
Nate Geraci anticipates that the spot XRP and Solana ETF products will be approved this year.
VanEck, an asset manager, filed the initial Solana ETF product in the United States in June 2024, as previously reported by Coingape.
Since then, the US Securities and Exchange Commission (SEC) has approved additional SOL ETF applications from Grayscale, Canary Capital, and 21Shares.
Canary Capital submitted an application for the XRP ETF in October 2023, even though the Solana products are still under review.
This filing altered the crypto ETF outlook and encouraged other asset managers to adopt the trend.
Although the US SEC has not provided a definitive update, there is a high confidence level in the likelihood of approval.
A significant catalyst that many are citing will propel the approval is the change in the leadership of the US Securities and Exchange Commission.
Paul Atkins has been proposed by President-elect Donald Trump for the position of Chair of the US Securities and Exchange Commission in the forthcoming administration.
It is anticipated that Atkins will divert the SEC from its restrictive stance on cryptocurrency that was implemented under Gary Gensler.
Nate Geraci, like other industry specialists, anticipates that Solana and XRP ETF products will be introduced in 2025.
Crypto ETF Predictions Of Nate Geraci
The President of the ETF Store provided ten predictions regarding the future of crypto ETFs.
He is of the opinion that spot Bitcoin ETFs will surpass tangible gold ETFs in terms of assets under management.
Numerous Bitcoin ETF milestones have been documented after one year of operation.
The Bitcoin ETF products have surpassed $150 billion in Assets Under Management (AUM), a milestone that took gold 20 years to accomplish.
Geraci is of the opinion that the U.S. SEC will approve Ethereum ETF staking this year, in addition to the approval forecast for Solana and XRP ETF.
In the interim, he refined the predictions to encompass specific ETF filings from Grayscale and Bitwise, predicting that both would be approved.
He anticipated that Vanguard would modify its position and endorse the trading of crypto ETFs.
Donald Trump Potential To Influence Currents
The industry will enter a new era with the official assumption of office by President-elect Donald Trump on January 20.
Trump also appointed David Sacks as a Crypto and AI Czar to assist in the coordination of policies from the White House, in addition to Paul Atkins.
According to Coingape, one of Sacks’ initial responsibilities will be to coordinate the inaugural crypto gala next week.
Many experts have predicted that these trends will contribute to a significant change in the regulation and enforcement of cryptocurrency.
Price increases are anticipated for both the Solana and XRP ETFs, in addition to their approvals.