2025 might be a giant yr for cryptocurrency exchange-traded funds (ETFs), in response to Laser Digital, the digital asset subsidiary of economic providers big Nomura.
Greater than twelve crypto ETFs might be launched within the U.S. this yr, if authorised by the Securities and Trade Fee (SEC), Laser Digital stated in a report final week.
Asset managers have submitted 12 filings to the SEC thus far, the report famous, and potential merchandise embrace a ProShares ETF that denominates the S&P 500’s return in bitcoin, a mixed bitcoin/ether ETF, and litecoin, XRP and Solana primarily based merchandise.
Laser Digital stated a bitcoin/ether ETF is more likely to get approval first.
The launch of spot bitcoin ETFs within the U.S. in January final yr was a powerful success. Blackrock’s iShares Bitcoin Belief (IBIT) amassed about $53 billion in belongings underneath administration in its first 11 months, beating all earlier ETF launches.
With the appointment of crypto-friendly Paul Atkins as chairman of the SEC, and the exit of Gary Gensler, ongoing lawsuits towards crypto firms are more likely to fade away, the report stated, and this makes the approval of those new ETFs extra seemingly.
The ETF market is anticipated to proceed to develop by way of AUM, Laser Digital stated, and can see wider adoption by institutional buyers in 2025, extra so with President-elect Donald Trump again in workplace supported by a group of crypto-friendly regulators.
Asset supervisor Grayscale stated it was trying to convert its Grayscale Solana Belief (GSOL) into an ETF in December.
Learn extra: Grayscale Recordsdata to Convert Solana Belief Into ETF
