Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will probably see many new digital asset ETFs be authorized.
In a post on the social media platform X, Balchunas says that he’s anticipating a “wave” of latest crypto ETFs subsequent 12 months, doubtlessly 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 be aware from fellow Bloomberg ETF analyst James Seyffart speculating that Litecoin (LTC) and Hedera (HBAR) ETFs could have a greater probability of approval than Solana (SOL) and XRP as a consequence of 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 probably 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 severely thought-about. Even then, advanced authorized points round these tokens and others regarding their standing as securities could must be resolved. Litecoin, however, 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 predict each have greater odds than others of approval, it’s unclear whether or not there’s investor demand.”
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