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Following the launch of Bitcoin and Ether ETFs in the US in 2024, proposals have emerged regarding holding the funds. Solana, XRP and Even HBAR appeared. For others, if they are lit green, you will be diversifying across multiple coins.
There was also a Litecoin ETF Plan From Canary Capital Group that the company Modified this week. Nasdaq provided a 19b-4 On behalf of Canary - some consider this step a positive sign for the fate of the product.
Canary CEO Stephen McClurg told me that he has a “high level of confidence” that there will be more spot crypto ETFs in the US market this year, declining to go into too much detail.
We've heard industry observers offer optimism about "when, not if." But as the pool of proposals on the SEC's desk grows larger (we're in the age of digital filing, don't you know?), the key question is what exactly it would take to get the green light.
And with A new SEC Management: Are we talking about weeks, months, or years?
James Seyphart of Bloomberg Intelligence (who Talk to me and Felix Recently) on X that a Litecoin ETF could see the light of day before SOL and XRP offerings.
One reason is that the Securities and Exchange Commission-V Lawsuits against Coinbase and Binance, for example — Litecoin is not classified as a security.
However I have put SOL into it Class of securities. You are aware of the legal battle that the agency fought with Ripple. If you need a refresher, yesterday Casey detailed the SEC's moves forward With appeal in That case.
ETF.com analyst Sumit Roy agreed that the LTC ETF may have better prospects due to its “simpler use case and history,” avoiding some of the regulatory scrutiny associated with XRP and SOL. He added that approval in 2025 is possible.
“However, the SEC remains cautious about market manipulation and custodial risk, which applies to all cryptocurrency ETFs,” Roy told me.
Aside from spot crypto products emerging in the US, today marks the 7th anniversary of the Amplify Transformational Data Sharing ETF (BLOK) coming to market.
Crypto stock ETFs remain the main way advisors plan Get exposure into space (see Bitwise/VettaFi survey results below), so I'll be interested to see what kind of flows this fund will have in 2025. Its assets under management are just under $1 billion.
We could see new BLOK holdings when more cryptocurrency and blockchain-related companies go public. But for now, BLOK's co-portfolio manager, Dan Weiskopf He told us He watches miners delve into the AI sector and companies buying/holding BTC.
BLOK's top five holdings are currently Galaxy, Robinhood, Core Scientific, Coinbase, and MicroStrategy.
Sixth place goes to Metaplanet, a MicroStrategy Jr. company. Based in Japan, it said it intends to increase its bitcoin holdings to 10,000 bitcoins this year.
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