According to a report by Laser Digital, a subsidiary of financial services firm Nomura, more than twelve cryptocurrency exchange-traded funds (ETFs) could be launched in the U.S. in 2025 if approved by the SEC. The report noted that asset managers have already submitted 12 filings to the SEC, with potential products including ETFs that track the return of the S&P 500 in bitcoin, combine bitcoin and ether, and are based on litecoin, XRP, and Solana. Laser Digital believes that a bitcoin/ether ETF is likely to be approved first. The report also mentioned the success of spot bitcoin ETFs launched in January last year and stated that the appointment of crypto-friendly Paul Atkins as chairman of the SEC could increase the likelihood of approving new ETFs. Laser Digital predicts that the ETF market will continue to grow and gain wider adoption by institutional investors in 2025. Grayscale also announced its intention to convert its Grayscale Solana Trust into an ETF in December.



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