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February 6, 2025

Crypto ETF Frenzy: What’s Behind the Sudden Surge in Filings? as reported by Bitcoinethereumnews.com

The cryptocurrency market is abuzz with excitement as several major players have submitted Exchange-Traded Fund (ETF) filings and amendments in the last 48 hours. This sudden surge in activity comes just days before Gary Gensler’s departure as Chairman of the US Securities and Exchange Commission (SEC). Nate Geraci, President of ETFStore, has highlighted the significance of these filings, which could potentially pave the way for a new era of crypto ETFs.

Who’s Leading the Charge?

Several prominent firms are driving the ETF wave, including VanEck, Canary Capital, Oasis Capital, CoinShares, and ProShares. These companies have submitted a range of filings, from “Onchain Economy” ETFs to debt strategy ETFs, and even leveraged and inverse ETFs tied to specific cryptocurrencies like XRP.

What’s Behind the Sudden Surge?

The timing of these filings is not coincidental. The crypto industry is anticipating a shift in regulatory trends under the incoming administration of President-elect Donald Trump. Gensler’s tenure has been marked by high-profile crypto crackdowns, including lawsuits against major players like Ripple Labs, Coinbase, and Binance. However, the new administration is expected to adopt a more crypto-friendly stance, which could lead to a more favorable regulatory environment for ETFs.

Shifting Regulatory Landscape

The SEC is expected to review several court cases in the first few days of the new administration, and sources suggest that some litigation may be frozen if it doesn’t involve allegations of fraud. Top Republican officials at the SEC may release a new crypto regulatory framework, which could provide much-needed clarity for the industry. Additionally, Congress is poised to enact new laws and proposals, including a framework for regulating crypto and stablecoins.

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Which Cryptos Are Likely to Get ETF Approval?

As the crypto space enters a new year of innovations, experts predict that 2025 will be the year of ETFs. Solana, XRP, Hedera, and Litecoin are among the strongest contenders hoping to receive an ETF approval in 2025. Major companies like Bitwise, 21Shares, and WisdomTree have already filed applications for their XRP ETFs with the U.S. SEC, and anticipations surrounding a potential launch have fueled XRP to hit new highs.

What’s Next?

The crypto market is eagerly awaiting the outcome of these ETF filings and amendments. With the regulatory landscape shifting in favor of crypto, it’s likely that we’ll see a wave of new ETF approvals in the coming months. Will 2025 be the year of ETFs? Only time will tell, but one thing is certain – the crypto industry is on the cusp of a major breakthrough.

Source: Bitcoinethereumnews.com

#CryptoExchange #CryptoNews #BitcoinNews #CryptoCommunity

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