Bloomberg ETF analysts Eric Balchunas and James Seyffart expect a wave of cryptocurrency ETFs to emerge next year. This includes Bitcoin and Ethereum combination ETFs, Litecoin and HBAR ETFs, while Solana and XRP ETFs may be launched later due to legal issues.
BTC + ETH combination ETF
The earliest to be approved may be the BTC + ETH combination ETF. Hashdex, Franklin, and Bitwise have all applied for this type of combined cryptocurrency ETF. Since spot ETFs for Bitcoin and Ethereum have been listed for nearly a year and six months respectively, analysts believe this combination ETF has the best chance of being approved first.
Litecoin and HBAR ETF
Litecoin, being a fork of Bitcoin, may be viewed as a commodity like Bitcoin and is very likely to be the next cryptocurrency ETF approved.
Additionally, the token HBAR of the public chain Hedera may also join.
Currently, the only applicant for these two ETFs is Canary Capital Group, founded by former Valkyrie Funds co-founder Steven McClurg in September of this year. Although analysts believe there is a high probability of approval, it is still unclear whether there will be investor demand.
Additionally, Canary has submitted applications for SOL and XRP ETFs.
(Canary Capital submitted a spot Solana ETF application to the SEC, actively developing multi-coin ETFs)
SOL and XRP ETF
The application for the Solana ETF was recently rejected by the SEC! Analysts believe that because XRP and SOL have been labeled as securities in pending litigation, it will only have a chance after the new SEC chairman takes office and the regulatory positioning is clarified.
Below is a list of applied cryptocurrency ETFs shared by Bloomberg analysts.
This article Bloomberg: Various cryptocurrency ETFs will emerge in 2025 first appeared in Chain News ABMedia.
