Summary:
2025 could be a significant year for cryptocurrency ETFs.
Over twelve new crypto ETFs may launch in the U.S. if SEC approves.
Laser Digital predicts a Bitcoin/Ether ETF will be among the first approved.
Blackrock's iShares Bitcoin Trust amassed about $53 billion in its first 11 months.
The ETF market is expected to grow, with wider adoption by institutional investors.
A Promising Year for Crypto ETFs
2025 is shaping up to be a significant year for cryptocurrency exchange-traded funds (ETFs), as highlighted by Laser Digital, the digital asset subsidiary of the financial services giant Nomura. According to a recent report, more than twelve new crypto ETFs could potentially launch in the U.S. this year, pending approval from the Securities and Exchange Commission (SEC).
The SEC Filings
As of now, asset managers have submitted 12 filings to the SEC, which include exciting potential products like a ProShares ETF that tracks the S&P 500's return in Bitcoin, as well as combined Bitcoin/Ether ETFs and products based on Litecoin, XRP, and Solana.
Laser Digital anticipates that the Bitcoin/Ether ETF will likely be the first to receive approval, paving the way for further developments in the crypto ETF landscape.
Previous Successes
The launch of spot Bitcoin ETFs in the U.S. last January was a remarkable success, with Blackrock's iShares Bitcoin Trust (IBIT) gathering approximately $53 billion in assets under management within its first 11 months, outpacing all prior ETF launches.
Regulatory Changes and Future Outlook
With the recent appointment of Paul Atkins as the new SEC chairman and the exit of Gary Gensler, the environment for crypto regulation is changing. This shift is expected to lead to a decrease in ongoing lawsuits against crypto companies, enhancing the likelihood of approval for new ETFs.
Laser Digital projects that the ETF market will continue to grow in terms of assets under management (AUM) and will see broader adoption among institutional investors in 2025, especially with Donald Trump returning to office alongside a supportive regulatory team.
Grayscale's Moves
In related news, asset manager Grayscale is looking to convert its Grayscale Solana Trust (GSOL) into an ETF by December, indicating a broader trend towards ETF adoption in the crypto space.
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