2024 was a terrific year for the cryptocurrency market. The year started with the SEC approving 11 spor Bitcoin (BTC) ETF (Exchange Traded Funds). The move led to BTC hitting a new all-time high in March. Later in July, the financial watchdog approved the trading of spot Ethereum (ETH) ETFs. Although the ETH ETFs did not take the underlying asset to a new peak, it was still a substantial milestone for the industry.
The American crypto community had long asked for crypto-based ETFs. It was not until 2024 that their prayers were answered. With a new SEC chair set to take an oath, we may witness the approval of a few more cryptocurrency-based ETF products in the coming year. Let’s take a look at a few possibilities.
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Top 3 Cryptocurrencies That Could Have ETFs in 2025
1. Solana (SOL)
SOL is one cryptocurrency project that could have an ETF in the US next year. Brazil approved two SOL ETFs earlier this year, and the US could follow suit.
According to BlackRock CIO Samara Cohen, an SOL ETF could be a reality, but not in the near term. We may see an SOL ETF being fast-tracked under Trump’s leadership. Trump has said he will support the cryptocurrency industry’s growth in the US.
2. Ripple (XRP)
Ripple’s XRP token has witnessed incredible growth over the last year. The company settled its lawsuit with the SEC earlier this year. XRP also breached the $2 mark for the first time in nearly seven years. The cryptocurrency could be gearing up for an all-time high.
Financial institution WisdomTree recently submitted an S1 filing for its spot XRP ETF. The SEC is yet to give its verdict on the request.
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3. Cardano (ADA)
Cardano (ADA) had struggled to gain momentum over the last few years. The cryptocurrency began to rally after Trump’s victory in the US Presidential election.
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ADA is another cryptocurrency that could potentially get an ETF under Trump’s leadership. Cardano is one of the most developmentally active projects, which is a good indicator for future growth.