Bloomberg ETF analysts Eric Balchunas and James Seyffart predict that there will be a wave of cryptocurrency ETFs next year. This includes a combination ETF of Bitcoin and Ethereum, and the Litecoin and HBAR ETFs may launch later due to litigation issues with Solana and XRP.
BTC + ETH combination ETF
The ETF that may be approved the earliest is the BTC + ETH combination ETF. Hashdex, Franklin, and Bitwise have all applied for this type of combined crypto ETF. Since Bitcoin and Ether spot ETFs have been listed for nearly a year and six months, analysts believe this combination ETF has the best chance of being approved first.
Litecoin and HBAR ETFs
Litecoin, being a fork of Bitcoin, may be regarded as a commodity like Bitcoin, making it highly likely to be the next crypto 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 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 ETFs
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, approval will only come after the new SEC chairman takes office and regulatory positioning is clarified.
Below is the list of applied crypto ETFs shared by Bloomberg analysts.
This article Bloomberg: Various cryptocurrency ETFs will appear in 2025, first published on Chain News ABMedia.
