Recent forecasts suggest that the SEC may approve altcoins such as XRP and Solana by the end of 2025. Meanwhile, Swiss company Bitwise is expanding its presence in the crypto ETF market.
Expectations for SEC Approval
There is a high degree of confidence that the SEC will approve altcoins like XRP and Solana by the end of 2025. However, the United States currently lags behind Switzerland in the number of altcoin ETFs.
New Bitwise Products in Switzerland
Bitwise, a cryptocurrency fund manager, recently launched five new crypto ETFs in Switzerland. These include Bitwise Core Bitcoin ETP, Ethereum Staking ETP, Solana Staking ETP, and Physical XRP ETP. Each is fully backed by digital assets and designed for integration into traditional investment portfolios. Ronald Richter, Regional Director of Investment Strategy for Europe, stated: 'The five flagship products we are listing in Switzerland will expand options for investors looking to tap into the full potential of cryptocurrency markets.'
Benefits of Altcoins for Investors
Each of the listed ETFs has its own features. For example, Bitwise Ethereum Staking ETP aims to maximize returns from ETH staking, while Bitwise Core Bitcoin ETP is designed for long-term investors and is fully backed by BTC. Bitwise Physical XRP ETP is 100% backed by XRP, the fifth largest crypto asset with a market capitalization exceeding $80 billion. The MSCI Digital Assets Select 20 ETP index tracks the performance of 20 leading investable cryptocurrencies, covering approximately 90% of the total cryptocurrency market capitalization.
With the expected SEC approval for altcoins and new Bitwise products, the cryptocurrency market continues to evolve, presenting new opportunities for investors.
