Bloomberg analysts suggest that the first ETF tracking Bitcoin and Ether will herald a new wave of cryptocurrency funds in 2025.
2025 Forecast
Eric Balchunas and James Seyffart of Bloomberg believe that the first ETF combining Bitcoin and Ether will be launched in 2025. It is expected to be followed by funds related to Litecoin and Hedera.
Position of the Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) recently rejected requests for Solana and XRP ETFs, stating that their approval is possible only under new leadership. However, Litecoin and Hedera may receive approval earlier due to a more favorable perception of these assets by regulators.
Impact on the Cryptocurrency Market
Even though analysts believe Litecoin and Hedera have higher chances of approval, it is still unclear whether they will experience high investor demand. It is suggested that the Trump administration might be more crypto-friendly due to the appointment of a new SEC chair.
The situation with cryptocurrency ETFs continues to evolve, and potential changes at the SEC could affect their further approval and perception in the market.