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Ripple, Solana, Litecoin and Cardano ETFs create "wild" crypto market by 2025

According to Eric Balchunas, some 40 Altcoin ETFs could already be awaiting SEC approval by the end of January.

By Finst News
• 2 min read

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According to Eric Balchunas, some 40 Altcoin ETFs could already be awaiting SEC approval by the end of January. What does this mean for cryptocurrencies?

The U.S. Bitcoin Spot ETFs have caused a stir in 2024. They now collectively manage 1.12 million BTC worth more than $106 billion. That Bitcoin rose more than 150 percent this year is largely due to this.

While Ethereum Spot ETFs have already started the new trading week strong, 2025 could be the year when a host of new Altcoin ETFs are introduced. Ripple, Solana, Litecoin, Cardano - the list of contenders is long.

Bloomberg ETF expert Eric Balchunas shared on X a list of the 14 currently unconfirmed ETF applications, writing: "If there isn't a big crash, things will get pretty wild in this young category."

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According to him, the list could easily triple by the end of January. Since the announcement of SEC Chairman Gary Gensler's departure, the opportunities for new crypto index funds have improved significantly.

"Four Solanas, 3 XRPs, 2 conversions and one Litecoin ETF. A nice outlook for the next 12 months of Altcoin ETFs," Balchunas said of the positive outlook.

The four Solana ETF applications were filed almost simultaneously with the news of Gensler's departure. According to one crypto expert, therefore, the recent SOL price rally could be just the beginning.

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