Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will probably see many new digital asset ETFs be authorized.
In a publish on the social media platform X, Balchunas says that he’s anticipating a “wave” of recent crypto ETFs subsequent yr, doubtlessly in a selected order.
Says Balchunas
“We count on a wave of cryptocurrency ETFs subsequent yr, albeit not all of sudden. First out is probably going the BTC + ETH combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled safety) after which XRP/Solana (which have been labeled securities in pending lawsuits).”
Balchunas shares a observe from fellow Bloomberg ETF analyst James Seyffart speculating that Litecoin (LTC) and Hedera (HBAR) ETFs could have a greater likelihood of approval than Solana (SOL) and XRP resulting from not being focused by the U.S. Securities and Trade Fee (SEC) as alleged unregistered securities.
Earlier than LTC and HBAR merchandise, Seyffart says the subsequent ETFs will probably be Bitcoin (BTC) and Ethereum (ETH) combos from Hashfex, Franklin Templeton and Bitwise.
“Solana filings had been not too long ago rejected, and each Solana and XRP ETFs should wait till the brand new SEC administration takes management earlier than being significantly thought-about. Even then, advanced authorized points round these tokens and others referring to their standing as securities could must be resolved. Litecoin, alternatively, was a fork of Bitcoin and could also be considered by the SEC as a commodity. The SEC isn’t calling Litecoin or HBAR a safety anyplace.
New issuer Canary is the one filer for a Litecoin or HBAR ETF. Although we predict each have greater odds than others of approval, it’s unclear whether or not there’s investor demand.”
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