Originally published on: December 18, 2024
Cryptocurrency enthusiasts have something to look forward to in 2025 as analysts predict the launch of a wave of new United States crypto funds, with an exchange-traded fund (ETF) tracking both Bitcoin and Ether leading the pack. According to senior Bloomberg ETF analyst Eric Balchunas, these new funds are expected to shake up the market and provide investors with more options in the crypto space.
In a recent post on X, Balchunas shared insights from fellow ETF analyst James Seyffart, indicating that the first Bitcoin and Ether combo fund could pave the way for similar ETFs tracking Litecoin or Hedera. While the Securities and Exchange Commission has rejected several Solana ETFs, Seyffart suggests that assets like SOL and XRP may have to wait for regulatory clarity before they are considered for ETF approval.
Interestingly, Litecoin and Hedera stand a higher chance of getting regulatory approval due to their perceived favorable status compared to other assets like XRP and Solana. Balchunas pointed out that Litecoin’s close connection to Bitcoin may play in its favor, while Hedera’s non-security label by the SEC could expedite the approval process for an exchange-traded product.
Despite the optimism surrounding these potential ETFs, the analysts remain cautious about investor demand for these funds. However, with the anticipated shift in SEC leadership under President-elect Donald Trump, many are hopeful for a more crypto-friendly regulatory environment that could boost ETF approvals in the future.
As the crypto market continues to evolve, investors and enthusiasts are advised to stay informed about the latest developments and trends in the industry. By subscribing to our Crypto Biz newsletter, you can receive a weekly snapshot of key business trends in blockchain and crypto, providing valuable insights to navigate the market and identify financial opportunities. Don’t miss out on the exciting journey ahead for cryptocurrencies in 2025 and beyond. Subscribe now and stay ahead of the curve!
