4 cryptocurrencies that could get their own spot ETF in 2025, according to Bloomberg analysts

Cryptocurrencies have had quite a year in 2024. Bitcoin (BTC 0.92%)The world’s largest cryptocurrency surpassed $108,000, and altcoins also surged. Most of the gains came in the final two months of the year after Donald Trump won the presidential election. The Trump administration is expected to be very friendly to cryptocurrencies, clarifying regulatory gray areas and enacting policies to help the sector grow.

As regulations ease, more brokerages will be able to sell cryptocurrencies and there will be more spot cryptocurrency exchange-traded funds (ETFs), which could be very positive for cryptocurrency prices. Here are four cryptocurrencies that could get their own spot ETF in 2025:

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Cryptocurrency spot ETFs attempt to reflect the price of a specific cryptocurrency. These ETFs buy and hold the cryptocurrencies they mirror and allocate a certain number of shares based on the amount of cryptocurrency they own. Cryptocurrency ETFs are designed to make buying cryptocurrencies easier. That’s because ETFs are highly liquid and take care of the more complex parts of buying cryptocurrencies directly.

The U.S. Securities and Exchange Commission (SEC) approved Bitcoin. Ethereum Earlier this year, a spot ETF was approved and this approval led to a rise in the prices of both tokens. The Bitcoin spot ETF was approved in January 2024 and the Ethereum ETF was approved in July. ETF approval wasn’t the only reason why both tokens performed well, but it was certainly a contributing factor.

Bitcoin price data from YCharts.

Now that SEC Chairman Gary Gensler is expected to resign once Trump takes office and Paul Atkins is named as his successor, many believe this could open the floodgates to more spot cryptocurrency ETFs. Eric Balchunas, senior ETF analyst at Bloomberg, thinks there will be a Bitcoin-Ethereum ETF combination in 2025. Litecoin (LTC 0.67%), girl name (HBAR -1.21%), XRP (XRP 0.48%)and Solana (brush 0.56%).

Balchunas believes a combined Bitcoin-Ethereum ETF will happen first, followed by Litecoin, as it was created in 2011 as a fork of Bitcoin, Hedera, XRP, and Solana. Balchunas believes XRP and Solana will launch in late 2025, as they are classified as securities in pending litigation, further complicating matters. As many of you know, the SEC sued XRP in 2020, alleging that Ripple, the company that created the token, and its founders sold XRP as an unregistered security in 2013. Solana faced similar charges from the SEC. These lawsuits are important because they could give the SEC more regulatory jurisdiction over many cryptocurrencies if the outcome is favorable to the agency.

A federal judge sided with Ripple and its founders, but the SEC appealed parts of the decision. With Gensler leaving office, many expect these lawsuits to go away as well, but Bulchunas believes the SEC needs new leadership before XRP and Solana can receive ETF approval. The lawsuit may also have to end once and for all.

The Two Most Interesting Spot Cryptocurrency ETFs

I expect the XRP and Solana ETFs to be the most interesting spot ETFs and the most bullish ETFs for their respective cryptocurrencies. Companies are already submitting applications for these ETFs, and both altcoins have soared since Trump won. The SEC’s lawsuit against XRP has been an issue for the token for several years as of late, and I don’t think it’s helped Solana either. Both XRP and Solana have tremendous potential with efficient and innovative networks. Many cryptocurrencies are difficult to value because they do not generate cash flow or have intrinsic value. Therefore, I think it would be wiser to start with small speculative positions.