In 2025, the U.S. might see the launch of over twelve cryptocurrency exchange-traded funds (ETFs), according to a report by Laser Digital, Nomura’s digital asset subsidiary. The Securities and Exchange Commission (SEC) has received 12 filings from asset managers for these ETFs. Potential products include a ProShares ETF that tracks the S&P 500’s return in bitcoin, a combined bitcoin/ether ETF, and ETFs based on litecoin, XRP, and Solana. Laser Digital predicts that a bitcoin/ether ETF will likely be approved first. The success of spot bitcoin ETFs in January last year, with Blackrock’s iShares Bitcoin Trust (IBIT) amassing about $53 billion in assets under management in just 11 months, highlights the potential market. The report also notes that with a more crypto-friendly SEC chair, Paul Atkins, and the exit of Gary Gensler, the approval of these new ETFs seems more probable. The ETF market is expected to grow, with wider adoption by institutional investors anticipated in 2025.
Source: www.coindesk.com
