The year 2024 has been an eventful year for the cryptocurrency sector, especially when viewed from the perspective of ETFs. The trading of spot Bitcoin ETFs and spot Ethereum ETFs was approved by US regulators. There are many reasons to believe that some revolutionary developments may be witnessed in the crypto spot ETF sector in the upcoming year.
The primary reason is that since the US election, the political climate in the US has shifted in favour of digital innovations. Secondly, the US SEC is set to get a pro-crypto executive in the near future.
Everything points to the conclusion that a few cryptos may enter the spot ETF market in 2025. Read on to know more!
Solana
Recently, the Brazilian government gave approval to at least two Solana ETFs. Notably, Samara Cohen, the CIO of BlackRock, acknowledged the possibility of an SOL ETF. With a market cap of $106,601,790,284, Solana is the fifth largest crypto. In the last one year, it has seen a growth of 205.6%.
Ripple
This year, XRP has made several controversial headlines for its legal battle against US regulators. The new government is expected to help the crypto recover from the crisis. Since the US election, the crypto has shown impressive growth.
Importantly, WisdomTree, a financial institution, sought approval from the regulator to launch its spot XRP ETF. With a market cap of $151,416,167,935, XRP is the third largest crypto. In the last one year, it has experienced a rise of 325.7%.
Cardano
Cardano is popular for its commitment to continuous improvement. Since the victory of Donald Trump, ADA has experienced massive growth. With a market cap of $39,368,157,441, Cardano is the ninth largest crypto. In the last one year, it has showcased a surge of 82.1%.
In conclusion, the potential for crypto ETFs in 2025 looks brighter than ever, with Solana, Ripple, and Cardano emerging as strong candidates.
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