4個可以在2025年獲得自己的ETF的加密貨幣

加密貨幣在2024年有相當長的一年。世界上最大的加密貨幣（Crypto：BTC）超過了108,000美元，山寨幣也飆升。

Cryptocurrencies had quite a year in 2024. Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, topped $108,000 and altcoins have surged as well. Most of the gains came in the final two months of the year after Donald Trump won the presidential election. Trump's administration is expected to be very favorable to crypto, clarifying regulatory gray areas and implementing policies intended to help the sector grow.

加密貨幣在2024年有相當長的一年。世界上最大的加密貨幣（Crypto：BTC）超過了108,000美元，山寨幣也飆升。唐納德·特朗普（Donald Trump）贏得總統大選之後的最後兩個月，大部分收益都來自一年的最後兩個月。預計特朗普的政府將非常有利於加密貨幣，澄清監管灰色地區並實施旨在幫助該行業發展的政策。

A lighter regulatory backdrop will also likely lead to more brokerages being able to sell crypto and more spot crypto exchange-traded funds (ETFs), which can be very positive for crypto prices. Here are four cryptocurrencies that could get their own spot ETFs in 2025.

較輕的監管背景也可能導致更多的經紀人能夠出售加密貨幣和更多的Crypto交易所交易基金（ETF），這對加密價格可能非常積極。這是四個加密貨幣，可以在2025年獲得自己的斑點ETF。

A proven catalyst

一個經過驗證的催化劑

Crypto spot ETFs seek to mirror the price of certain cryptocurrencies. These ETFs buy and hold the cryptocurrency they are mirroring and then assign a certain number of shares based on how much of that cryptocurrency they own. Crypto ETFs are intended to make purchasing crypto easier because ETFs are quite liquid and take care of some of the more intricate parts of buying cryptocurrencies directly.

加密貨幣ETF試圖反映某些加密貨幣的價格。這些ETF購買並持有它們正在鏡像的加密貨幣，然後根據他們擁有的加密貨幣中的多少分配一定數量的股份。加密ETF旨在使購買加密貨幣更容易，因為ETF是非常液體的，並且可以直接購買加密貨幣的一些更複雜的部分。

The Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum spot ETFs earlier this year and the lead-up to these approvals drove up the prices of both tokens. Bitcoin spot ETFs were approved in January 2024 and Ethereum ones received approval in July. While ETF approval was not the only reason both tokens performed well, it was certainly a contributing factor.

美國證券交易委員會（SEC）在今年早些時候批准了比特幣和以太坊現貨ETF，並獲得了這些批准的領先優勢提高了兩個令牌的價格。比特幣現場ETF在2024年1月獲得批准，以太坊的ETF在7月獲得了批准。儘管ETF批准並不是兩個代幣表現良好的唯一原因，但這無疑是一個促成因素。

Bitcoin Price data by YCharts.

YCHARTS的比特幣價格數據。

Now, with SEC Chairman Gary Gensler expected to step down once Trump takes office and Paul Atkins nominated to be his replacement, many believe this could open the floodgates for more spot crypto ETFs. Eric Balchunas, a senior ETF analyst at Bloomberg, thinks 2025 will bring a combined Bitcoin-Ethereum ETF, as well as one for Litecoin (CRYPTO: LTC), Hedera (CRYPTO: HBAR), XRP (CRYPTO: XRP), and Solana (CRYPTO: SOL).

現在，隨著SEC董事長加里·加斯勒（Gary Gensler）預計特朗普就職後會辭職，保羅·阿特金斯（Paul Atkins）被提名為他的替代者，許多人認為這可以為更多現場加密貨幣ETF打開閘門。彭博社的高級ETF分析師埃里克·巴爾庫納斯（Eric Balchunas）認為，2025年將帶來比特幣- 埃塞姆ETF的組合，以及萊特幣（Crypto：LTC），Hedera（Crypto：HBAR） （Crypto：HBAR），XRP（XRP（Crypto：XRP）和Solana（XRP）和Solana（Solana）（XRP）和Solana（solana（XRP）和Solana（solana））（crypto：hbar）（crypto：ltc） （crypto：ltc）（加密：sol）。

Balchunas believes the combined Bitcoin-Ethereum ETF will happen first, Litecoin next because it was created as a fork of Bitcoin in 2011, Hedera, and then XRP and Solana. Balchunas believes XRP and Solana will come later in 2025 because both are labeled as securities in pending lawsuits, which makes matters more complicated. As many know, the SEC sued XRP in 2020, claiming Ripple, the company that created the token, and its founders sold XRP as unregistered securities in 2013. Solana has faced similar allegations from the SEC. These lawsuits are important because they could give the SEC more regulatory jurisdiction over many cryptocurrencies if the outcome goes in the agency's favor.

Balchunas認為將首先發生比特幣 - 埃塞姆ETF，接下來是Litecoin，因為它是在2011年作為比特幣的叉子創建的，Hedera，然後是XRP和Solana。 Balchunas認為XRP和Solana將於2025年晚些時候出現，因為兩者在未決訴訟中都被標記為證券，這使事情變得更加複雜。眾所周知，SEC在2020年起訴XRP，聲稱創建代幣的公司Ripple及其創始人在2013年以未註冊的證券出售了XRP。Solana面臨SEC的類似指控。這些訴訟很重要，因為如果結果對該機構有利，它們可以使SEC對許多加密貨幣更加監管管轄權。

A federal judge sided with Ripple and its founders but the SEC appealed parts of the decision. With Gensler on his way out, many expect these lawsuits to fade as well but Bulchunas thinks the SEC needs new leadership before XRP and Solana get approved for ETFs. The lawsuits may need to end once and for all, too.

一名聯邦法官支持Ripple及其創始人，但SEC對該決定的一部分提出了上訴。隨著Gensler的出路，許多人也希望這些訴訟也會消失，但Bulchunas認為SEC需要在XRP和Solana獲得ETF批准之前需要新的領導才能。這些訴訟也可能需要一勞永逸。

The two most exciting spot crypto ETFs

兩個最令人興奮的位置加密ETF

I expect XRP and Solana ETFs to be the most exciting spot ETFs and the most bullish for their respective cryptocurrencies. Companies are already filing applications for these ETFs and both altcoins have soared since Trump won. The SEC's lawsuit against XRP has been an overhang on the token for several years up until recently, and I suspect it hasn't helped Solana either. Both XRP and Solana have immense potential, given their efficient and innovative networks. Many cryptocurrencies are tough to value because they don't generate cash flows or have intrinsic value, so I think it would be more prudent to start with a smaller speculative position.

我希望XRP和Solana ETF是最激動人心的ETF，也是其各自加密貨幣的最看漲。公司已經在提交這些ETF的申請，並且自特朗普贏得以來，這兩個山寨幣已經飆升。直到最近，SEC針對XRP的訴訟一直是令牌上的懸垂，我懷疑這也沒有幫助Solana。鑑於其高效和創新的網絡，XRP和Solana都具有巨大的潛力。許多加密貨幣很難重視，因為它們不會產生現金流或具有內在價值，因此我認為從較小的投機職位開始會更加謹慎。