Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will possible see many new digital asset ETFs be accepted.
In a post on the social media platform X, Balchunas says that he’s anticipating a “wave” of recent crypto ETFs subsequent 12 months, probably in a selected order.
Says Balchunas
“We anticipate a wave of cryptocurrency ETFs subsequent 12 months, 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 might have a greater probability of approval than Solana (SOL) and XRP attributable to not being focused by the U.S. Securities and Change Fee (SEC) as alleged unregistered securities.
Earlier than LTC and HBAR merchandise, Seyffart says the subsequent ETFs will possible be Bitcoin (BTC) and Ethereum (ETH) combos from Hashfex, Franklin Templeton and Bitwise.
“Solana filings had been lately rejected, and each Solana and XRP ETFs must wait till the brand new SEC administration takes management earlier than being critically thought-about. Even then, advanced authorized points round these tokens and others referring to their standing as securities might should be resolved. Litecoin, alternatively, was a fork of Bitcoin and could also be seen by the SEC as a commodity. The SEC isn’t calling Litecoin or HBAR a safety wherever.
New issuer Canary is the one filer for a Litecoin or HBAR ETF. Although we expect each have increased odds than others of approval, it’s unclear whether or not there’s investor demand.”
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