❗️ Bloomberg Analyst Expects a "Wave of Crypto ETFs" on Altcoins
🏢 Bloomberg analyst Eric Balchunas forecasts the emergence of new crypto ETFs in 2025 due to the expected pro-crypto stance of the new US administration and a change in SEC leadership.
🔍 According to Balchunas, the next approved spot crypto ETFs will be dual Bitcoin and Ethereum ETFs from Hashdex, Franklin Templeton, and Bitwise.
👥 He also noted that later this year, spot crypto ETFs on $SOL , $XRP , $HBAR , and LTC will emerge, but they must currently wait until the new SEC administration takes control.
As for Solana's price dynamics, the cryptocurrency is currently trading around $218.44, down -2.10% over the past 24 hours. Solana has experienced significant volatility in recent months, reflecting the broader turbulence in the crypto market. However, the analyst's prediction of upcoming altcoin-based ETF approvals could provide a boost to #Solana_Blockchain and other leading altcoins, should these forecasts materialize.
