Bloomberg ETF Analyst Eric Balchunas Predicts a Surge of Cryptocurrency Exchange-Traded Funds (ETFs) to Hit the Market Next Year

In a post on Twitter, tagging Bloomberg analyst James Seyffart, Balchunas discussed the upcoming ETFs, noting that Bitcoin (BTC) and Ethereum (ETH) combo ETFs will be the first to launch

Bloomberg senior ETF analyst Eric Balchunas anticipates a wave of cryptocurrency exchange-traded funds (ETFs) hitting the market in the coming year. In a post on X, tagging Bloomberg analyst James Seyffart, Balchunas discussed the upcoming ETFs, revealing that Bitcoin (BTC) and Ethereum (ETH) combo ETFs will spearhead the launches, followed by HBAR and "then XRP/Solana (which have been labeled securities in pending lawsuits)." In a separate tweet shared by the analyst last month, he disclosed that 14 altcoin-related ETFs are awaiting approval from the SEC within the next 12 months. Among them are Solana (SOL), XRP, Hedera (HBAR), Litecoin (LTC), and combined BTC-ETH options. He went on to say that in two months' time, the number of applications for altcoin ETFs could triple. The planned listing of these ETFs, however, hinges on the potential political climate. Following Donald Trump's victory in the U.S. election, Nate Geraci, the CEO of ETF Store, stated, "Assume multiple issuers were well-prepared for election results. No downside to getting aggressive now." Since Geraci's outlook, three significant ETF filings have emerged. On November 12, Canary Capital filed for an HBAR ETF, Bitwise filed a SOL trust in Delaware on November 21, and NYSE proposed to list Bitwise's combined BTC and ETH ETF five days later. James Seyffart believes that Solana ETFs could be approved by the government in a couple of years, but he remains cautious. He recalled how last August, CBOE withdrew applications for VanEck and 21Shares' Solana ETFs. Meanwhile, Canary Capital's Litecoin ETF filing in October appears to have a higher chance of being approved. According to Alex Thorn, Head of Research at Galaxy Digital, Litecoin is a more favorable choice as it is a fork of Bitcoin with no pre-mine or token sale, rendering it more agreeable to regulators as a fair asset.