In a recent statement, Geoffrey Kendrick, a prominent analyst at Standard Chartered Bank, hinted at the possibility of a significant milestone in the cryptocurrency market in 2025. This development is expected to revolve around the emergence of new crypto ETFs, particularly for coins like SOL and XRP. According to Kendrick, the market is likely to witness a notable shift in the coming year, although the exact timeline remains uncertain.

The recent approval of ether spot exchange-traded funds by the SEC has sparked optimism in the crypto community. This decision implies that ETH is not classified as a security, which may have positive implications for other ETH-like coins that have faced scrutiny in the past. The 2023 XRP case is a notable example of such scrutiny. Kendrick believes that the core technology of these coins is so similar to ETH that it would be challenging for the SEC to categorize them as securities.

The crypto industry appears to have gained political support from both sides of the aisle in the United States. Kendrick describes this backing as a "true watershed moment" for the industry. The next question on everyone's mind is not whether regulatory changes will occur but when they will happen. As the market looks ahead to more crypto ETFs, Kendrick expects bitcoin and ether to dominate the scene, especially in terms of the Sharpe ratio. Certain "next in line" winners are also expected to emerge.

Kendrick remains bullish on spot bitcoin ETFs, anticipating a strong inflow and a $150,000 BTC price target by the end of the year. He believes that a portfolio containing both BTC and ETH ETFs will be attractive to investors, and the industry has been further validated by the SEC's decision on ETH. Trading for ETH ETFs is expected to commence next month, with potential inflows ranging from $15 billion to $45 billion within the first 12 months. Kendrick also reiterates his previous projection of ETH reaching $8,000 by the end of the year.

The SEC has approved 19b-4 forms for spot ETH ETFs, with eight applicants receiving approval in a single omnibus order. These applicants include Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. The S-1 registrations are still pending sign-off, after which the funds can begin trading.

In summary, the crypto market is poised for a new chapter in 2025, with the emergence of new crypto ETFs and potential regulatory changes on the horizon. The recent approval of ether spot ETFs has sparked optimism, and experts like Kendrick are bullish on the prospects of bitcoin and ether. As the market navigates these developments, investors are likely to be drawn to attractive portfolios containing both BTC and ETH ETFs.