Odaily News Bloomberg analyst Eric Balchunas said that this year there will be more than 70 crypto ETFs waiting for SEC review, covering a variety of assets such as XRP, LTC, SOL, Dogecoin and crypto derivatives. He said "2025 will be a crazy year."
Despite the increased interest of institutions in the crypto market, analysts point out that approval does not mean it will be widely adopted, especially for ETFs related to non-mainstream currencies.
Sygnum Bank estimates that the capital inflow of altcoin ETFs may be between hundreds of millions and $1 billion, far lower than the spot Bitcoin ETF's ability to attract more than $100 billion last year.
In addition, ARK Invest included the pledged Solana into its two ETFs on April 21, allowing US investors to access spot SOL through ETFs for the first time. (Cointelegraph)