2025 could be a pivotal year for cryptocurrency exchange-traded funds (ETFs), according to Laser Digital, the digital asset arm of Nomura.
More than twelve crypto ETFs might debut in the U.S. this year if approved by the Securities and Exchange Commission (SEC), as stated in a recent report from Laser Digital.
Key Points:
- 12 filings have been submitted to the SEC so far.
- Potential products include a ProShares ETF tied to the S&P 500's return in bitcoin, a joint bitcoin/ether ETF, and products linked to litecoin, XRP, and Solana.
- The report anticipates that the combined bitcoin/ether ETF will likely receive approval first.
Last year's successful launch of spot bitcoin ETFs in the U.S., notably Blackrock's iShares Bitcoin Trust (IBIT), has garnered approximately $53 billion in assets under management in just the first 11 months, surpassing all prior ETF launches.
With the appointment of crypto-friendly Paul Atkins as SEC chair and the exit of former chair Gary Gensler, ongoing legal challenges against crypto firms may diminish, increasing the likelihood of greenlighting new ETFs.
Laser Digital predicts continued growth for the ETF market in terms of assets under management, with increasing institutional adoption in 2025, especially with President-elect Donald Trump returning to office alongside a team of crypto-friendly regulators.
Additionally, Grayscale has expressed interest in transforming its Grayscale Solana Trust (GSOL) into an ETF this December.
