#BTCNextMove
Solana and XRP are among several cryptocurrencies expected to be approved as exchange-traded funds (ETFs) in 2025, according to two Bloomberg analysts.
Coinbase CFO reveals what could ‘unlock’ the crypto industry
Eric Balchunas and James Seyffart expect “a wave of crypto ETFs” in the new year, as a change in leadership at the Securities and Exchange Commission (SEC) under President-elect Donald Trump paves the way for the agency to approve additional crypto ETFs, such as those previously issued for Bitcoin and Ethereum.
Crypto ETFs are a type of easily traded financial asset that tracks the price of an underlying cryptocurrency, without investors having to directly own the coin.
“Everyone has a better chance now,” Balchunas told Fortune. “XRP and Solana in particular are probably the most sought after as the next two to be launched by issuers, and their chances went from a long shot to pretty decent when Trump won.”
