A Wave of Cryptocurrency ETFs Anticipated in 2025 as the SEC Chair Gary Gensler Steps Down

Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US

Bloomberg analysts anticipate a wave of exchange-traded funds (ETFs) hitting the cryptocurrency scene in 2025, with the SEC finally approving several of these investment instruments.

“We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Eric Balchunas, one of the Bloomberg analysts, said in a post.

The crypto market is buzzing with optimism as the incoming administration of US President-elect Donal Trump suggests that current SEC Chair Gary Gensler will be stepping down from his office.

Gensler has been viewed as an anti-crypto state official who enforced strict regulations on the cryptocurrency scene that hinder the growth of digital assets in the US Many crypto traders are optimistic that Trump will appoint a new SEC head who will be more open to crypto exchange-traded funds.

Balchunas and fellow Bloomberg analyst James Seyffart believe that an exchange-traded fund combining Bitcoin and Ethereum would be the first crypto-based traded securities to get the green light from the SEC.

“Dual bitcoin and ethereum ETFs from Hashdex, Franklin [Templeton] and Bitwise will likely be the next spot crypto ETFs approved,” Seyffart said in a post.

Asset managers from Bitwise, Hashdex, and Franklin Templeton are eyeing the launch of this exchange-traded fund that combines the two cryptocurrencies with the largest market capitalization and have expressed interest in issuing the traded securities.

Earlier this year, the SEC approved an ETF for Bitcoin in January and another for Ethereum in July. The new exchange-traded fund would be the first time the two largest cryptos are merged into one traded securities.

Some crypto analysts say an ETF that combines XRP and Solana might have to wait a bit longer, expecting that the current SEC administration will not permit the traded securities as these digital assets have been embroiled in legal cases where XRP and Solana have been classified as securities.

Eleanor Terrett, a business journalist, noted that two of the five applications for exchange-traded funds for Solana were rejected by the current SEC leadership this month.

However, Balchunas and Seyffart are still optimistic that a joint XRP and Solana traded securities will get the go-signal from the new SEC administration.

“Both Solana and XRP ETFs will have to wait until the new SEC administration takes control before being seriously considered,” Seyfart noted.