Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will possible see many new digital asset ETFs be accredited.
In a submit on the social media platform X, Balchunas says that he’s anticipating a “wave” of recent crypto ETFs subsequent 12 months, doubtlessly in a specific order.
Says Balchunas
“We anticipate a wave of cryptocurrency ETFs subsequent 12 months, albeit not suddenly. 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 notice from fellow Bloomberg ETF analyst James Seyffart speculating that Litecoin (LTC) and Hedera (HBAR) ETFs could have a greater likelihood of approval than Solana (SOL) and XRP as a consequence of not being focused by the U.S. Securities and Change Fee (SEC) as alleged unregistered securities.
Earlier than LTC and HBAR merchandise, Seyffart says the subsequent ETFs will possible be Bitcoin (BTC) and Ethereum (ETH) combos from Hashfex, Franklin Templeton and Bitwise.
“Solana filings have 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-about. Even then, complicated authorized points round these tokens and others referring to their standing as securities could should be resolved. Litecoin, alternatively, was a fork of Bitcoin and could also be seen by the SEC as a commodity. The SEC isn’t calling Litecoin or HBAR a safety anyplace.
New issuer Canary is the one filer for a Litecoin or HBAR ETF. Although we predict each have increased odds than others of approval, it’s unclear whether or not there’s investor demand.”
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