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Analysis Firm Says 12 Altcoin ETFs Could Be Approved in 2025, Reveals First ETF to Receive Approval!
2024 was an important year for Bitcoin and the cryptocurrency market. SEC started the new year positively in January 2024 by approving spot Bitcoin ETFs.
Later, the SEC also approved SEC Spot Ethereum ETFs, bringing a different perspective to the cryptocurrency market.
After the Bitcoin and Ethereum ETFs, applications are being made for other altcoin ETFs in the market, and among the most likely altcoins expected to be approved are XRP and Solana (SOL).
While analysts expect the approval of altcoin ETFs like XRP and Solana in 2025 with Trump's presidency, Laser Digital noted that 2025 could be a big year for cryptocurrency ETFs.
At this point, Laser Digital, in a recent report, said that if approved by the SEC, more than 12 crypto ETFs could be launched in the US this year.
The report states that asset managers have submitted 12 ETF applications to the SEC so far, and among the ETFs that could be approved, it mentioned ProShares ETF, which determines the performance of the S&P 500 as Bitcoin, a combined Bitcoin/Ethereum ETF, as well as Litecoin, XRP, and Solana ETFs.
At this point, Laser Digital analysts said that the Bitcoin/Ethereum ETF will likely be the first approved ETF.
Analysts recently stated that they expect the influx of ETF entries to continue to increase in 2025 for Bitcoin and Ethereum, indicating that more institutional investors will flock to ETFs in 2025.