An exchange-traded fund (ETF) that tracks both Bitcoin and Ether is expected to be the first in a series of new crypto funds in 2025, according to senior Bloomberg ETF analyst Eric Balchunas. Balchunas and fellow ETF analyst James Seyffart expect the first new Bitcoin and Ether combo fund to be followed by ETFs tracking Litecoin (LTC) or Hedera (HBAR).
Seyffart noted that the Securities and Exchange Commission (SEC) rejected multiple Solana (SOL) ETFs on Dec. 7 and said SOL and XRP (XRP) ETFs would have to wait until Donald Trump’s SEC chair pick took control before they would be “seriously considered.” Balchunas highlighted that regulators view Litecoin and Hedera more favorably, which is why the two analysts believe they would get ETFs before larger market-cap assets like XRP and Solana.
Litecoin is more likely to be green-lit due to it being a fork of Bitcoin and therefore could be seen as a “commodity,” he said. Hedera, meanwhile, has not been labeled as a security by the SEC, something that makes it easier for an exchange-traded product to receive approval.
Join Our Telegram Group for the Latest Crypto News!
Stay ahead in the cryptocurrency market with timely updates, exclusive insights, and expert analysis. Join our Telegram group now and never miss out on important market movements!
Join Now