1 day ago
2025 could beryllium a large twelvemonth for cryptocurrency exchange-traded funds (ETFs), according to Laser Digital, the integer plus subsidiary of fiscal services elephantine Nomura.
More than 12 crypto ETFs could beryllium launched successful the U.S. this year, if approved by the Securities and Exchange Commission (SEC), Laser Digital said successful a study past week.
Asset managers person submitted 12 filings to the SEC to date, the study noted, and imaginable products see a ProShares ETF that denominates the S&P 500's instrumentality successful bitcoin, a combined bitcoin/ether ETF, and litecoin, XRP and Solana based products.
Laser Digital said a bitcoin/ether ETF is apt to get support first.
The launch of spot bitcoin ETFs successful the U.S. successful January past twelvemonth was a resounding success. Blackrock's iShares Bitcoin Trust (IBIT) amassed astir $53 cardinal successful assets nether absorption successful its archetypal 11 months, beating each erstwhile ETF launches.
With the assignment of crypto-friendly Paul Atkins arsenic president of the SEC, and the exit of Gary Gensler, ongoing lawsuits against crypto companies are apt to slice away, the study said, and this makes the support of these caller ETFs much likely.
The ETF marketplace is expected to proceed to turn successful presumption of AUM, Laser Digital said, and volition spot wider adoption by organization investors successful 2025, much truthful with President-elect Donald Trump backmost successful bureau supported by a squad of crypto-friendly regulators.
Asset manager Grayscale said it was looking to person its Grayscale Solana Trust (GSOL) into an ETF successful December.
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