Bloomberg analyst: altcoin ETFs to ignite wild crypto market by 2025

Bloomberg analyst says altcoin ETFs will ignite a ‘wild’ crypto market in 2025

Bloomberg’s senior ETF analyst Eric Balchunas has stated that the exchange-traded altcoin funds (ETFs) currently waiting approval are likely to make crypto mainstream. “pretty wild.”

The following is a list of the most popular ways to get in touch with someone. Share This Article The US Securities and Exchange Commission is expected to approve 14 ETFs related to altcoins in the coming 12 months. These include funds that provide exposure for Solana, XRP and Hedera, Litecoin, LTC, baskets of assets and Bitcoin, Ethereum and XRP simultaneously.

Balchunas anticipates that in two months, the altcoin ETF list will triple in size.

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Following President Donald Trump victory in the US elections, ETF Store CEO Nate Geraci predicted that several spot crypto ETFs The list is below. He said:

“Assume multiple issuers were highly prepared for election results. No downside to getting aggressive now.”

Asset managers registered three new ETF listings since Geraci’s publication. Canary Capital published its November 12th report. Filing for The HBAR ETF surprised many market analysts because they expected that the issuers of the fund would select the top 50 crypto by market capital.

Bitwise has also registered an a SOL Trust Delaware was the first to launch NYSE on November 21, followed by NYSE five days later. List of files the asset manager’s mixed BTC and ETH ETF.

Bloomberg ETF analyst James Seyffart believes that the SEC will likely approve Solana-related ETFs within two years. He added, however, that the current government could be a problem. “very easily&#8221These ETFs are not acknowledged.

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Seyffart highlighted that this had already happened in August when the Cboe removed the 19b-4 Form filing to list VanEck and 21Shares’ Solana ETFs registered in July.

The Litecoin ETF, filed in October by Canary, has a better chance of being approved. Alex Thorn, Galaxy Digital’s head of research, As previously stated CryptoSlate The LTC launch can be considered fair because there is no pre-mine sale or tokens.

Although the SEC’s position remains unclear, Thorn believes the regulator is unlikely to label LTC as a security.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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