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Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will doubtless see many new digital asset ETFs be authorized.
In a post on the social media platform X, Balchunas says that he’s anticipating a “wave” of recent crypto ETFs subsequent yr, doubtlessly in a selected order.
Says Balchunas
“We count on a wave of cryptocurrency ETFs subsequent yr, albeit not all of sudden. 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 might have a greater probability 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 subsequent ETFs will doubtless be Bitcoin (BTC) and Ethereum (ETH) combos from Hashfex, Franklin Templeton and Bitwise.
“Solana filings had been just lately rejected, and each Solana and XRP ETFs must wait till the brand new SEC administration takes management earlier than being critically thought of. Even then, complicated authorized points round these tokens and others regarding their standing as securities might have to be resolved. Litecoin, however, was a fork of Bitcoin and could also be considered 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 larger odds than others of approval, it’s unclear whether or not there’s investor demand.”
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