It is expected that this year, over 70 cryptocurrency ETFs will be reviewed by the U.S. Securities and Exchange Commission (SEC). According to Eric Balchunas's analysis from Bloomberg, this list includes proposed ETFs holding a range of assets, from altcoins, memecoin to derivative instruments.
Balchunas shared on the X platform on April 21 that: "This list includes everything from XRP, Litecoin, Solana to Penguins, Doge and 2x Melania, along with many other assets. The forecast will be a volatile year."
The preparation for these funds is taking place against a backdrop of increasingly optimistic institutional investors about cryptocurrency as a potential asset. According to the March report from Coinbase and EY-Parthenon, over 80% of organizations indicated they plan to increase cryptocurrency allocation in 2025.
However, analyst experts warn that ETFs being approved for listing in the U.S. does not necessarily mean widespread acceptance, especially for funds holding less popular cryptocurrencies.
Balchunas analogized: "Having your coin ETF-ized is like being in a band and your songs being added to all online music streaming services. This doesn't guarantee listens, but it brings your music to the majority of listeners."
Katalin Tischhauser, head of research at Sygnum Bank, shared that she expects altcoin ETFs to attract capital flows from several hundred million to 1 billion dollars, much lower than the spot Bitcoin ETFs. Funds holding Bitcoin — the first spot cryptocurrency approved for listing in a U.S. ETF — attracted over 100 billion dollars in net assets last year.
However, ETFs using options and other derivative instruments to provide structured exposure to cryptocurrencies like Bitcoin and Ether may see an increase from institutions, according to analysts' observations. Options on spot cryptocurrencies open up many potential investment portfolio strategies for investors and could stimulate a "boom" price increase for digital assets like Bitcoin, according to Jeff Park, head of alpha strategy at Bitwise Invest, speaking in September.
Options are contracts that grant the right to buy or sell an underlying asset at a certain price.
On April 21, ARK Invest expanded its portfolio by adding staked Solana to two existing ETFs. This is the first time spot SOL has been provided to U.S. investors through an ETF, according to an announcement from this asset manager.
Disclaimer: The article is for informational purposes only, not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment decisions.
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