The crypto ETF landscape could see major shifts in 2025, with XRP and Solana positioned as key players, according to ETF Store President Nate Geraci.
As industry interest grows and regulatory changes loom, these assets are gaining attention for their potential inclusion in exchange-traded fund offerings.
Geraci predicts that spot ETFs for XRP and Solana could receive approval this year, marking a milestone for the crypto market. Solana made waves in 2024 when VanEck filed the first U.S. Solana ETF application, soon followed by entries from Grayscale, Canary Capital, and 21Shares. Meanwhile, Canary Capital’s filing for an XRP ETF in late 2023 spurred further interest from asset managers, setting the stage for broader adoption.
Hopes for approval are bolstered by the incoming U.S. administration. President-elect Donald Trump has nominated Paul Atkins to lead the SEC, a move expected to signal a shift away from the restrictive policies of the past. Geraci and others in the industry believe this change could open the door to more crypto-friendly regulations, including greenlights for XRP and Solana ETFs.
Beyond XRP and Solana, Geraci foresees significant milestones across the ETF space. Bitcoin ETFs, already managing $150 billion in assets within a year of their launch, are poised to rival physical gold ETFs in popularity. Additionally, Ethereum staking ETFs could gain approval, and major players like Grayscale and Bitwise are expected to see their applications succeed. Even Vanguard, a traditionally conservative firm, might enter the crypto ETF market, according to Geraci.
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