The year 2024 was an important year for Bitcoin and the cryptocurrency market. The SEC started the new year positively by approving spot Bitcoin ETFs in January 2024.
Later, the SEC also approved Spot Ethereum ETFs and brought a different perspective to the cryptocurrency market.
Following the Bitcoin and Ethereum ETFs, applications have been made for other altcoin ETFs in the market, while the most likely altcoins expected to receive approval include XRP and Solana (SOL).
While analysts expect altcoin ETFs like XRP and Solana to be approved in 2025 with Trump as president, Laser Digital noted that 2025 could be a big year for cryptocurrency ETFs.
On this point, Laser Digital said in a recent report that more than 12 crypto ETFs could be launched in the US this year if the SEC approves.
The report noted that asset managers have filed 12 ETF applications with the SEC to date, and that ETFs that could receive approval include the ProShares ETF, which pegs the SP 500's return as Bitcoin, a combined Bitcoin/Ethereum ETF, Litecoin, XRP and Solana ETFs.
At this point, Laser Digital analysts said that the Bitcoin/Ethereum ETF will likely be the first to receive approval.
Analysts recently stated that they expect ETF inflows for Bitcoin and Ethereum to continue to increase in 2025, and said that more institutional investors will flock to ETFs in 2025.
*This is not investment advice.
