Laser Digital predicts the launch of 12 crypto ETFs this year

What’s new? Analysts at Nomura Bank’s digital asset division Laser Digital have said that more than a dozen new cryptocurrency exchange-traded funds (ETFs) could be launched in the United States this year. To date, the US Securities and Exchange Commission (SEC) is considering 12 applications from a number of investment companies. Among the funds awaiting approval are the ProShares fund linked to bitcoin and the S&P 500 stock index, a combined fund based on bitcoin and Ethereum, as well as ETFs based on Litecoin (LTC), XRP, and Solana (SOL).

Material by CoinDesk

What else is known? Laser Digital predicts in its report that bitcoin/Ethereum ETFs will get approval first.

The launch of spot bitcoin ETFs in the US last January was a resounding success. In its first 11 months, the iShares Bitcoin Trust (IBIT) fund from Blackrock, the world’s largest investment firm, attracted about $53 billion in assets under management (AUM), the best result of any ETF.

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A total of 12 bitcoin funds are available on the leading US stock exchanges, which have cumulatively accumulated $107,64 billion in coins under management, representing 5,74% of the asset’s market capitalization.

Spot ETH funds were also approved last July, but they are not in as high demand. One reason may be that the SEC has not allowed issuers to put coins purchased on behalf of investors into staking that would bring additional returns. In total, nine funds have accumulated $11,61 billion worth of coins or 2,96% of Ethereum’s capitalization.

Options on spot BTC ETFs also appeared on the US market in November, notably Blackrock’s IBIT and Grayscale’s BTC and GBTC funds.

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With the appointment of cryptocurrency-friendly Paul Atkins as SEC chairman to replace Gary Gensler, ongoing litigation against crypto companies may come to an end, making approval of new ETFs more likely, the report’s authors write.

They expect the ETF market to continue to grow in terms of assets under management and become more widespread among institutional investors in 2025, especially after Donald Trump returns to the presidency on January 20 with the support of a team of cryptocurrency-friendly regulators.