The cryptocurrency exchange-traded fund (ETF) market is expected to undergo significant changes in 2025, driven by improvements in regulation, product variety, and institutional adoption.
Crypto ETFs in 2025: What’s Next for Solana, Hedera, and More?
Following the introduction of Bitcoin and Ethereum ETFs, experts anticipate a new wave of crypto ETFs, including those for alternative coins like Solana and Hedera, supported by a more mature regulatory landscape.
In 2024, the crypto ETF market saw remarkable growth. Spot Bitcoin ETFs, which were approved earlier in the year, now hold over 5% of Bitcoin’s total supply, surpassing the estimated 1.1 million BTC linked to Satoshi Nakamoto. This was followed by Spot Ethereum ETFs in July, paving the way for broader adoption of digital asset ETFs.
Nathan McCauley, CEO of Anchorage Digital, emphasized the rapid progress of the market, stating, “The evolution of crypto ETFs is characterized by ongoing maturation, with a variety of custody providers and approvals of Bitcoin ETF options making the sector more accessible to both institutional and retail investors.”
Jay Jacobs, head of thematic ETFs at BlackRock, commented, “We are only scratching the surface with Bitcoin and Ethereum ETFs. A small percentage of our clients currently own these products, and our focus remains on them before venturing into altcoin ETFs.”
The start of a new US administration in 2025 and the resignation of SEC Chairman Gary Gensler signify a significant change in crypto regulation. Paul Atkins, a pro-crypto appointee, is set to lead the SEC, fostering hope for clearer guidelines and broader ETF approvals.
Nate Geraci, President of ETF Store, expressed optimism, stating, “The regulatory environment for crypto has shifted, and there is growing confidence in additional ETF approvals. Industry insiders are particularly bullish on the Solana ETF. Similar to the SEC’s interactions with issuers and the success of Bitcoin and Ethereum ETFs, a Solana ETF could be approved by late 2025.”
“There’s a new, crypto-friendly regime in charge. This administration is likely to remove the obstacles that previously hindered ETF approvals.”
In addition to Solana, other altcoin ETFs such as Hedera (HBAR) and XRP are also under consideration. Experts like Louis Sykes of All-Star Charts view Hedera as a more appealing option for institutional investors compared to speculative assets like Dogecoin.
Nevertheless, the crypto ETF market is expected to rapidly evolve with the introduction of innovative products in a more favorable regulatory environment.
*This translation is for reference only and not intended as investment advice.