With lawsuits still pending over Solana’s classification as a security, SOL ETFs will likely have to wait until next year for their debut.
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
Steno Research analysts predict that Bitcoin ETFs could see an estimated $48 billion in net inflows during 2025.
The Bitcoin Act’s passage could eventually send BTC’s price past $1 million per coin, industry executives say.
Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
They still lag BTC ETFs, which closed out 2024 with upwards of $35 billion in net inflows.
The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.
Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.
The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.
On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said.
Meanwhile, altcoins may flounder unless the United States passes rules favoring crypto adoption, the asset manager said.
The asset manager is extending its fee waiver until January 2026 for up to $2.5 billion in assets under management.
Bitcoin exchange-traded funds now collectively manage approximately $104 billion, and are on track to surpass gold ETFs in net assets.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July.
It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg.
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
Effective S-1 approvals are being checked off, meaning that spot Bitcoin ETFs are set to begin trading as early as Jan. 11.
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.