Bitcoin (BTC) and Ethereum (ETH) ETFs have pushed institutional crypto adoption this year to new heights. Thanks to the new, crypto-friendly US presidential administration and the broader rally, Bloomberg analyst Eric Balchunas expects to see more crypto ETFs being released next year. This may include XRP (XRP), Solana (SOL), and two ETFs.
After briefly dipping below $2.40 last week, XRP rebounded to $2.50 and now ranks as the third largest crypto by market capitalization, surpassing USDT by just $2 million. Meanwhile, SOL is struggling to get back to its November high of $262.93.
Nevertheless, both tokens have shown impressive performance this year and may see more if Balchunas is right in his prediction.
Experts Predict Arrival of LTC, HBAR, XRP, SOL ETFs (By Holding)
Balchunas mentioned several ETFs that we may see in 2025, although not all at once: Litecoin (LTC), Hedera (HBAR), XRP, SOL, and a BTC/ETH combination fund.
However, he believes that LTC ETFs will come first since LTC is a hard fork of BTC and is not listed as a security by the Securities and Exchange Commission (SEC). Likewise, HBAR does not face legal issues with the SEC.
XRP and the SOL ETF will have to wait until Gary Gensler leaves his position, as the SEC authorities see both tokens as securities–even after the Court proves otherwise.
Donald Trump has nominated crypto partner Paul Atkins as the next chairman of the SEC, which may release the grip regulators have on these assets.
Hashdex, Franklin, and Bitwise have already filed for a dual BTC and ETH ETF, while Canary is the only LTC and HBAR ETF to file. Balchunas added that he is not sure if there is an investor demand for altcoin ETFs.
Solaxy Aims to Fix Solana’s Scaling Limits, Launches New App Framework
Rumors about the SOL ETF have been circulating for a long time. However, once the third largest crypto, SOL is now behind XRP by $40 million, which may be related to Solana’s questionable network performance.
Solana has a history of congestion, job failures, and outages. The last injury occurred in February 2024 and lasted about five hours.
In a way, Solana is a victim of his own popularity. Thousands of meme character projects have been launched in Solana thanks to its high performance, high speed, and code-free tools like Pump.fun. And, by the looks of it, Solana wasn’t ready to handle that influx.
Solaxy’s new Layer-2 solution builds on Solana’s growing infrastructure to make it more reliable and cheaper. By offloading transactions from the main chain, Solaxy prevents congestion and outages.
Solaxy’s native token, $SOLX, is more than just a way to pay for gas. Its multi-chain structure forms a bridge between Solana and Ethereum, which means it draws work from two major ecosystem areas and allows for smooth network transfers.
$SOLX is now available for pre-sale at $0.001566, but the price will go up less than 44 hours and 30 minutes from now. The program has raised almost two million rands per week, most of which will go towards developing the network.
A significant part of the funds will be allocated to the newcomers in the form of fixed prizes. The current tangible APY of 1,827% presents a significant opportunity to maximize potential returns when $SOLX lists on major exchanges.
To support Solaxy or join the action, visit Solaxy’s official website or visit their X channel to learn more.
Can Solaxy Push Solana To #3 Again?
It may be too early for SOLX to be the next 100x crypto. However, it could be a much-needed solution to Solana’s shortcomings, and many altcoins are growing now.
If Solaxy helps Solana solve the blockchain trilemma of stability, security, and decentralization, it could suppress the demand for SOL, and open the door for SOL ETFs.
In addition, Solana developers will get a new layer for building applications during this bull run. This means that we may see many new projects that we did not consider before.
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