Exchange-traded funds (ETFs) that track both Bitcoin and Ether are expected to be the first of a “wave” of new U.S. crypto funds in 2025, said Eric Balciunas, senior analyst at Bloomberg ETFs. He said there was.
“We expect to see a wave of crypto ETFs next year, if not all at once,” Balciunas said. Posted I shared fellow ETF analyst James Seifert's analysis with X on December 17th.
The companies predict that the first new Bitcoin (BTC) and Ether (ETH) combo funds will be launched, followed by ETFs tracking Litecoin (LTC) and Hedera (HBAR).
Seifert noted that the Securities and Exchange Commission rejected multiple Solana (SOL) ETFs on Dec. 7, adding that the SOL and “We will have to wait until the next president's nomination to chair the SEC takes control.” considered. “
sauce: Eric Balchunas
Balciunas emphasized that regulators view Litecoin and Hedera more favorably, which is why two analysts picked up the ETF ahead of larger market cap assets like XRP and Solana. This is the reason why it is possible to do so.
Litecoin is likely to be given the green light because it is a fork of Bitcoin and could be considered a “commodity,” he said.
Hedera is not recognized as a security by the SEC, which facilitates approval for a publicly traded product.
Related: Bitcoin ETF reverses gold fund AUM: K33 Research
XRP and SOL are classified as securities by the SEC, and Ripple has been engaged in a years-long legal battle with the SEC over the legal status of XRP.
Analysts said they believe HABR and LTC are more likely to be approved, but it remains unclear whether the funds will see much investor demand.
Many crypto experts predict that the SEC under the Trump administration will become more lenient towards crypto assets.
President Trump recently said that he intends to nominate Paul Atkins, a pro-cryptocurrency businessman and former SEC chairman, to be the next SEC chairman, but legal experts say that his policy to promote cryptocurrencies is It is pointed out that there is a possibility of bringing relief.
Current SEC Chairman Gary Gensler announced his resignation from the agency on January 20, the day of President Trump's inauguration, and fellow Democratic committee member Jamie Lizerage announced his resignation a few days earlier, on January 17.
On December 17th, the nomination vote for SEC Commissioner Caroline Crenshaw was canceled, opening the door for four Trump-aligned and crypto-friendly commissioners to take office.
magazine: It will take 4 years for cryptocurrencies to grow this big: “No one can stop them” — Kain Warwick, Infinex
