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Cryptocurrency News Articles

Here Are Possible Crypto ETFs in 2025 – XRP, HBAR, and…

Dec 18, 2024 at 08:45 pm

Bloomberg Intelligence analysts predict a surge of crypto ETFs in 2025, with Bitcoin-Ethereum combinations leading the way.

Here Are Possible Crypto ETFs in 2025 – XRP, HBAR, and…

Bloomberg Intelligence analysts predict a surge of crypto ETFs in 2025, with Bitcoin-Ethereum combinations leading the way.

Eric Balchunas and James Seyffart shared insights about potential approvals for various digital assets, marking a shift in crypto.

The path toward crypto ETF approvals will start with Bitcoin-Ethereum combination products. Bloomberg analyst James Seyffart notes Litecoin stands next in line due to its Bitcoin fork status. This connection to Bitcoin grants Litecoin a commodity classification under SEC guidelines.

HBAR has maintained a clear regulatory status by avoiding the security label. This position places HBAR ahead of other digital assets in the ETF approval queue. Canary Capital stands as the sole issuer filing for both Litecoin and HBAR ETFs.

Regulatory Challenges for XRP and Solana

XRP and Solana face extended timelines for ETF approval due to ongoing legal battles. The SEC has rejected recent Solana ETF applications. Both tokens remain under scrutiny in pending lawsuits regarding their security status.

The regulatory path requires resolution of these legal matters before ETF considerations move forward. The next U.S. administration’s regulatory approach will shape the approval timeline for these digital assets.

Read also: Why Ripple (XRP) Price Could Reach $10 This Bull Run

Market Demand and Future Outlook

Eric Balchunas, in a previous tweet, revealed 14 altcoin ETF applications await SEC review within the next year. He detailed various applications: “Four Solanas, 3 XRPs, 2 conversions and a Litecoin in a pear tree.”

Moreover, the broader ETF market shows promising signs. Daily Chartbook (@dailychartbook) tweeted:

“Flows into small cap ETFs have already surpassed the July rally and are back to the highs seen in the end of year rally last year as well … To sustain performance in 2025, we think that small caps need to deliver on expectations for lofty growth of over 40%.”

Market watchers expect this number to grow. Seyffart questioned current investor appetite for Litecoin and HBAR products, noting Canary Capital’s singular filing status. The changing regulatory environment under new leadership will determine the expansion of crypto ETF options beyond Bitcoin and Ethereum products.

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News source:captainaltcoin.com

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Other articles published on Dec 19, 2024