More Than Twelve Crypto ETFs Expected to Launch in 2025

Laser Digital, a subsidiary of Nomura, predicts significant developments for cryptocurrency exchange-traded funds (ETFs) in 2025. Key points include:

More than twelve crypto ETFs may launch in the U.S. pending SEC approval.
Asset managers have submitted 12 ETF filings, including products based on bitcoin, ether, litecoin, XRP, and Solana.
A bitcoin/ether ETF is anticipated to receive approval first.
The success of spot bitcoin ETFs launched in January last year has set a positive precedent, with Blackrock's iShares Bitcoin Trust accumulating approximately $53 billion in assets within 11 months.
The appointment of Paul Atkins as SEC chairman could facilitate ETF approvals following Gary Gensler's exit and potential resolution of ongoing lawsuits against crypto firms.
Increased institutional adoption of ETFs is expected in 2025, supported by a favorable regulatory environment under a Trump administration.
Grayscale aims to convert its Grayscale Solana Trust into an ETF by December.