Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas said many new digital asset ETFs are likely to be approved in 2025.
In a post on social media platform
Balchunas said:
“We expect to see a wave of cryptocurrency ETFs next year, although not all at once. The first will likely be the BTC + ETH combo ETF, followed by Litecoin (bc btc = fork of the commodity), HBAR (not labeled a security), and XRP/Solana (labeled a security in pending litigation). There is a high possibility that it will come out.”
Balchunas shared a note from fellow Bloomberg ETF analyst James Seyffart speculating that the Litecoin (LTC) and Hedera (HBAR) ETFs may have a better chance of approval than Solana (SOL) and XRP because they are not targeted by the U.S. Securities and Exchange Commission. It is considered an unregistered security (SEC).
Before the LTC and HBAR products, Seyffart said the next ETF would be a Bitcoin (BTC) and Ethereum (ETH) combo from Hashfex, Franklin Templeton, and Bitwise.
“The Solana application was recently denied, and both Solana and the XRP ETF will have to wait until the new SEC administration takes control before they can be seriously considered. Nonetheless, complex legal issues surrounding these tokens and other matters related to their status as securities may need to be resolved. Litecoin, on the other hand, was a fork of Bitcoin and could be considered a commodity by the SEC. The SEC nowhere calls Litecoin or HBAR securities.
New issuer Canary is the only filer of the Litecoin or HBAR ETF. “We think both have a better chance of approval than the other, but it’s unclear whether there’s investor demand.”
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created: DALLE3