Author: Zero Difference Research Institute 0xSpread

I still remember the excitement of the first batch of Bitcoin ETFs coming out in early 2024 Scene? In less than a year, these ETFs have absorbed more than 5% of the Bitcoin supply, while the Ethereum ETF launched in July has quickly amassed $2.6 billion in assets under management.

So which cryptocurrency ETFs will be approved next year? The following may be what you want to know?

The current ETF market situation

Solana ETF can Will it break the situation?

Can the new debut be a turning point?

Exploration of new opportunities

ETF market trends

1. From Bitcoin to Ethereum, laying the market foundation

The success of Bitcoin ETF is obvious. The 11 U.S. Bitcoin ETFs not only capture more than 5% of the Bitcoin supply, they also contribute to the maturity of the market structure, including custody services, compliance processes, and depth of participation from retail and institutional investors.

The Ethereum ETF also performed well. As the world’s second-largest cryptocurrency by market capitalization, Ethereum’s broad uses for smart contracts and decentralized applications have fueled its ETF’s rapid popularity. Bitcoin and Ethereum are the starting point for most investors entering the crypto ETF market, but more assets will enter this blue ocean in the future.

2. Can Solana ETF break through?

1. Current status of Solana ETF

Whether Solana can become the next star ETF is a hot topic in 2025 one. This emerging public chain has attracted a large number of developers and users with its high speed, low cost and decentralized features. However, its path to ETFs still faces challenges. at present,The only viable path to launching a Solana spot ETF is to launch a futures ETF first, paving the way for a spot product. But even if a futures ETF is approved, it will take time to accumulate trading records to lay the foundation for future spot ETFs.

2. The bigger obstacle comes from the regulatory level

In 2023, the SEC was suing Binance and Coinbase listed Solana as one of 19 unregistered securities, making its compliance controversial. In contrast, Bitcoin and Ethereum trade on the regulated Chicago Mercantile Exchange as futures, making them easier for the SEC to monitor, which was a key reason for the rapid approval of both ETFs.

3. New arrival, regulatory turning point?

In January 2025, the United States will usher in a new generation. Trump appointed longtime cryptocurrency supporter Paul Atkins as SEC chairman, a change seen as a major positive for the crypto market. Nathan McCauley, CEO of Anchorage Digital, believes that the new regulation will focus on the following areas:

Stablecoin regulation: It may push for a bill to clarify the legal status of stablecoins.

Innovation support: Accelerate support for technological innovation related to blockchain and digital assets.

Strategic Reserve: Explore the establishment of a Bitcoin reserve at the level to strengthen the United States’ position in the digital economy.

4. Exploration of new opportunities: More crypto asset ETFs are ready to go

In addition $SOL, $HBAR and $XRP are also on the potential list for 2025. $HBAR is considered an ideal choice for institutional investors due to its unique technical architecture and institutional partnerships. Despite $XRP’s strong community support, centralization issues and legal controversies remain obstacles that cannot be ignored. $DOGE has performed well in the market over the past year, but it remains to be seen whether it can attract enough institutional interest.

The picture below shows the spot cryptocurrency ETF filing list on December 3, 2024

5. The general trend of the ETF market

As more traditional financial institutions enter the market, the inflow of funds into the ETF market will continue to grow. In 2024, Bitcoin ETF Attracting more than $30 billion in capital inflows, this number may rise further in 2025

Ethereum ETF in the future. It may include a staking income function to provide investors with higher returns, which will become a highlight of the market. At the same time, the improvement of the regulatory environment and the deep integration of traditional finance and crypto markets will pave the way for more innovative ETF products.

6. Summary

In 2025, the crypto ETF market will usher in a new battlefield, from dividends to asset innovation, various possibilities are brewing.中. After Bitcoin and Ethereum, who will be the next star of Solana? Can the game be broken? The answers will be revealed next year.