Story Highlights
Bitcoin reaches a soaring $107K ATH as crypto ETFs are poised for significant change, with Solana, XRP, and other altcoins on the cusp of regulatory breakthroughs in 2025.
The end of 2024 sees Bitcoin achieving a remarkable milestone, hitting $107K and propelling various altcoins into the green. Factors behind this rally include expectations of impending interest rate cuts and the inclusion of MicroStrategy in the Nasdaq 100 index, both often correlated with gains in Bitcoin’s price.
In an insightful post on X, Bloomberg’s Eric Balchunas, along with James Seyffart, posits that Bitcoin-Ethereum combo ETFs are likely to make their appearance first, followed by Hedera (HBAR). Unfortunately, Solana (SOL) and XRP ETFs could face delays due to ongoing legal disputes with the SEC. The wave of cryptocurrency ETFs expected next year will likely begin with the balanced combo ETFs, with Litecoin following due to its classification as a commodity, and HBAR, which is not labeled a security. The big-ticket items, XRP and Solana, may experience longer approval timelines as they contend with their regulatory standing.
Optimism around new crypto ETFs has surged, particularly after President-elect Donald Trump nominated Paul Atkins, a pro-crypto former SEC commissioner, to replace Gary Gensler as SEC Chair. Analysts express confidence that Atkins’ more lenient regulatory perspective could pave an easier path for a wider variety of crypto ETFs.
Spotlight on Solana and XRP ETFs
While proposals for Solana and XRP ETFs are on the table, their approval may not materialize until new SEC leadership is in place by early January 2025. Bloomberg analysts believe these funds could receive the regulatory green light by late 2025. Nate Geraci, President of ETF Store, conveyed optimism, noting, “It’s highly likely Solana ETFs will be approved by the end of next year at the latest.”
The growing acceptance of Bitcoin and the influx of crypto ETFs are pushing prices to unprecedented levels, making observers eager to see where Bitcoin could be heading next.
Read More: Crypto News Today
Altcoins in Focus
Other altcoin ETFs—particularly for Litecoin (LTC) and Hedera (HBAR)—could gain earlier approval thanks to clearer regulatory paths. Seyffart pointed out that both Litecoin and HBAR aren’t classified as securities by the SEC, which simplifies their journey to market. However, curiosity remains regarding whether there is enough investor demand for these products.
Looking ahead, the number of applications for altcoin ETFs is anticipated to triple in the coming months, reflecting a surge in interest in diversifying crypto investments. Two Prime Digital Assets CEO Alexander Blume remarked, “They wouldn’t waste time and expense if they didn’t believe approval was likely.”
The crypto market is certainly eager for alternative investment avenues, particularly as Bitcoin’s ascendance demands fresh inflows. Already, recent ETF launches have begun to shape the market’s recovery. With analysts wary of SEC challenges for XRP and Solana, dedicated communities are advocating for timely approvals, encouraged by early signs of price breakouts in January.
Stay updated on the pulse of the crypto universe! Get real-time news, expert analysis, and insights on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more by subscribing to our updates.
FAQs
When will Solana and XRP ETFs gain approval?
Expect potential approval for Solana and XRP ETFs by late 2025, depending on the outcomes of upcoming SEC leadership changes and regulatory clarity.
Which altcoin ETFs might launch next?
Litecoin and Hedera ETFs may launch sooner than others, given their cleaner regulatory paths and non-classification as securities by the SEC.
