A field worth paying attention to is the rise of cryptocurrency index ETFs. Recently, an application for an index ETF including 10 major cryptocurrencies has been submitted. In this index ETF, Bitcoin takes the top spot, followed by Ethereum, while Solana ranks third, also including XRP, Cardano, Avalanche, and others. The launch of this index ETF provides a convenient bundled investment method for a wide range of investors, especially for those who are unwilling to purchase Bitcoin, Ethereum, and other altcoins separately, which I believe is highly attractive.
In the potential regulatory environment changes brought about by the Trump administration, the Solana spot ETF application has also become a focal point of market attention. According to Bloomberg analysts, up to four institutions have applied for the Solana ETF, and there is a high likelihood that the spot Solana ETF will be approved within the next one to two years, potentially becoming the third cryptocurrency ETF in U.S. history after Bitcoin and Ethereum. If the approval process goes smoothly after Trump takes office in 2025, the approval time for the Solana ETF may be even earlier.
In addition, applications for other altcoin ETFs are also gradually progressing, including ETF applications for XRP, LTC, and HBAR, paving the way for the growth of altcoin ETFs. Bloomberg analyst Eric also pointed out that 2025 may become a turning point for altcoin ETFs, as the SEC under Trump's leadership may adopt a more favorable attitude, and more altcoin ETFs are expected to be approved, which will attract more institutional capital and accelerate the overall expansion of the cryptocurrency market.
