As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I find the predictions by Balchunas and Seyffart intriguing. The impending change at the SEC could indeed open new doors for cryptocurrency ETFs.
According to predictions made by analysts Eric Balchunas and James Seyffart, there will be a significant increase in the availability of cryptocurrency exchange-traded funds (ETFs) in the year 2025.
In light of this year’s approval of Bitcoin (BTC) and Ethereum (ETH) ETFs, there has been growing anticipation about which other crypto ETFs could be introduced next. Balchunas and Seyffart recently offered their perspectives on a potential candidate X, and they also shared their expectations for the future direction of the cryptocurrency market.
As a researcher, I anticipate a surge of cryptocurrency Exchange-Traded Funds (ETFs) coming up next year, though not necessarily all at the same time. This perspective is echoed by Balchunas and aligns with the expected departure of SEC Chair Gary Gensler in January, which followed Donald Trump’s election victory.
Critics frequently accuse Gensler of being overly conservative regarding cryptocurrencies. He is often perceived as an obstacle in the path towards approving fresh digital asset investment offerings.
It’s anticipated that a surge of cryptocurrency Exchange-Traded Funds (ETFs) will emerge next year, although probably not simultaneously. Initially, we might see ETFs focusing on Bitcoin and Ethereum pairings. Following that, it seems likely that Litecoin will be introduced, given its relationship to Bitcoin as a commodity. Next in line could be Hedera Hashgraph (HBAR), due to its non-security classification. Lastly, we might expect ETFs for XRP and Solana, as their status as securities is still pending…
— Eric Balchunas (@EricBalchunas) December 17, 2024
HBAR and LTC ETFs?
Experts predict that Bitcoin and Ethereum ETFs from companies such as Hashdex, Franklin Templeton, and Bitwise could pave the way. Moreover, Seyffart suggests that Litecoin (LTC) and Hedera (HBAR) ETFs may soon follow this trend, given their status as commodities or assets not classified as securities by regulators.
According to Balchunas, it’s expected that the order of events may involve Bitcoin and Ethereum combined Exchange-Traded Funds (ETFs) first. Afterward, there might be a possibility for Litecoin, as it’s a fork of Bitcoin and is typically classified as a commodity. Lastly, he suggests that HBAR could come into play since it’s not labeled as a security.
According to Seyffart’s analysis, the Securities and Exchange Commission (SEC) has been holding up the approval of ETFs based on Solana (SOL) and XRP (XRP). The ongoing legal disputes about whether these assets are considered securities make it improbable for them to receive approval until the new SEC administration assumes office.
Although there’s a possibility that Exchange-Traded Funds (ETFs) focused on Litecoin or HBAR might be developed, Seyffart still expressed doubts about whether these specialized investment options would garner substantial interest from investors.
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2024-12-17 23:47