Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will seemingly see many new digital asset ETFs be permitted.
In a put up on the social media platform X, Balchunas says that he’s anticipating a “wave” of latest crypto ETFs subsequent 12 months, doubtlessly in a specific order.
Says Balchunas
“We count on a wave of cryptocurrency ETFs subsequent 12 months, albeit not . 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 as a consequence of not being focused by the U.S. Securities and Alternate Fee (SEC) as alleged unregistered securities.
Earlier than LTC and HBAR merchandise, Seyffart says the following ETFs will seemingly be Bitcoin (BTC) and Ethereum (ETH) combos from Hashfex, Franklin Templeton and Bitwise.
“Solana filings have been not too long ago 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, complicated authorized points round these tokens and others referring to their standing as securities could must be resolved. Litecoin, then again, 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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