Will we see Solana, XRP, Hedera, and Doge ETFs in 2025?

The cryptocurrency ETF revolution, which began in January 2024, gained momentum with the launch of Ethereum ETFs in July. The crypto-friendly approach of Paul Atkins, who is expected to be the new SEC chairman, could accelerate the approval process for altcoin ETFs in the sector.

TRUMP ADMINISTRATION BRINGS CRYPTO-FRIENDLY POLICIES

The cryptocurrency world has passed a significant milestone in 2024. The process that started with the approval of Bitcoin ETFs has achieved a historic success, reaching a total asset value of $52 billion.

While BlackRock's iShares Bitcoin Trust (IBIT) continues to lead the market, the iShares Ethereum Trust (ETHA) stands out with approximately $2.6 billion in assets under management. BlackRock official Jay Jacobs stated that only a very small portion of their clients have invested in these products.

With the new Trump administration taking office, Paul Atkins, who will become the SEC chairman, may create new opportunities in the sector with his crypto-friendly stance. Significant developments are anticipated, especially regarding the SAB 121 regulation, stablecoin policies, and the U.S. strategic Bitcoin reserve.

The likelihood of Solana ETFs being approved by the end of 2025 appears high. The SEC's initiation of discussions with issuers regarding this product is interpreted as a positive signal. Alexander Blume, CEO of Two Prime Digital Assets, believes that a crypto-friendly administration and regulatory environment could expedite the approval of Solana ETFs.

Bloomberg analysts Balchunas and Seyffart predict that the Hedera (HBAR) ETF may receive approval before other altcoin ETFs. Louis Sykes, a crypto analyst at All-Star Charts, emphasizes that Hedera is a "much more attractive" candidate for institutional investors.

There are differing opinions in the market regarding XRP and Dogecoin ETFs. Alexander Blume, CEO of Two Prime Digital Assets, notes that these assets may struggle to prove fair market conditions due to high concentration. Nevertheless, Bloomberg analyst Balchunas believes that DOGE ETF applications may also emerge.