Bloomberg analysts Eric Balchunas and James Seyffart have made an exciting prediction. They foresee a significant surge in cryptocurrency exchange-traded funds (ETFs) during 2025. This speculation has been fuelled by the recent approval of Bitcoin and Ethereum ETFs in the current year. The market is now abuzz with anticipation, wondering which crypto ETFs will be the next to make their debut.
A major factor contributing to this expected wave is the upcoming leadership transition at the SEC. Gary Gensler, who has been criticized for his cautious approach towards crypto and regarded as a substantial obstacle for the approval of new digital asset investment products, is anticipated to depart in January. This follows Donald Trump’s election victory.
The analysts have shared their valuable insights on X. They expect a series of crypto ETF launches, albeit not all happening simultaneously.
It is believed that dual Bitcoin and Ethereum ETFs from prominent firms such as Hashdex, Franklin Templeton, and Bitwise will likely spearhead this new wave.
Furthermore, Litecoin and Hedera ETFs are forecasted to follow. The reasoning behind this is that they are classified as commodities or assets that regulators do not consider as securities. As Balchunas stated, the probable sequence of events is “btc + eth combo ETFs, then probably Litecoin (because it is a fork of btc and a commodity), then HBAR (because it is not labeled a security).”
However, not all crypto assets seem poised for immediate ETF approval. Seyffart pointed out that Solana and XRP ETFs are likely to face legal delays. These assets are currently entangled in legal battles regarding their classification as securities. It is improbable that they will receive approval until the new SEC administration takes charge.
Even with the potential for Litecoin or HBAR ETFs, Seyffart has raised doubts about whether these niche funds will be able to attract substantial investor demand. This uncertainty adds an additional layer of intrigue to the evolving landscape of crypto ETFs in 2025.
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