Laser Digital, the digital asset arm of global financial services firm Nomura, is forecasting a major year for cryptocurrency exchange-traded funds (ETFs) in 2025. The firm predicts that more than twelve new crypto ETFs could hit the U.S. market, provided they receive approval from the Securities and Exchange Commission (SEC).
According to a report by Laser Digital, 12 ETF filings have already been made with the SEC, with proposed products including a ProShares ETF that tracks the S&P 500’s performance in bitcoin, combined bitcoin/ether ETFs, and individual products based on Solana, Litecoin, and XRP.
Laser Digital anticipates that the bitcoin/ether ETF is most likely to be the first to gain approval. The surge in popularity of spot bitcoin ETFs in 2024, particularly BlackRock’s iShares Bitcoin Trust (IBIT), which amassed a record $53 billion in assets within its first 11 months, has fueled growing optimism about the future of crypto ETFs.
The appointment of Paul Atkins as the new SEC chairman and the exit of Gary Gensler has shifted the regulatory outlook in favor of the crypto sector. This change in leadership is seen as a key factor in clearing the path for a wave of new crypto ETFs to reach the market.
Laser Digital projects continued growth in the ETF market, particularly with increased institutional adoption in 2025. The potential return of a crypto-friendly administration, with figures like President-elect Donald Trump, is also expected to boost the prospects for crypto ETF expansion in the coming years.
Grayscale, a major player in the crypto investment space, has already expressed interest in converting its Grayscale Solana Trust (GSOL) into an ETF, signaling a broader trend towards institutional-grade crypto investment vehicles.
