Bitcoin (BTC) and Ethereum (ETH) ETFs have pushed institutional cryptocurrency adoption this year to new highs. In light of the new crypto-friendly US presidential administration and the broader rally, Bloomberg analyst Eric Balchunas expects to see more cryptocurrency ETFs in the coming year. This may include XRP (XRP), Solana (SOL), and dual ETFs.
After a brief drop below $2.40 last week, XRP has rebounded to $2.50 and now ranks third in terms of market cap, surpassing USDT by just $2 million. Meanwhile, SOL is struggling to recover to its November high of $262.93.
However, both tokens have shown impressive performance this year and could see further upside if Balchunas is correct in his predictions.
Experts predict the arrival of LTC, HBAR, XRP, and SOL ETFs (with a catch feature)
Balchunas explained Several ETFs we’re likely to see in 2025, but not all at once: Litecoin (LTC), Hedera (HBAR), XRP, SOL, and the BTC/ETH combo fund.
However, he believes LTC ETFs will come first since LTC is a hard fork of BTC and is not classified as a security by the Securities and Exchange Commission (SEC). Likewise, HBAR has no legal issues with the SEC.
XRP and SOL ETFs will have to wait until Gary Gensler leaves office, as the current SEC administration considers both tokens to be securities — even after a court has proven otherwise.
Donald Trump has named crypto ally Paul Atkins the next head of the Securities and Exchange Commission, which could loosen regulators’ grip on these assets.
Hashdex, Franklin, and Bitwise have already applied for dual BTC and ETH ETFs, while Canary is the only one to have applied for LTC and HBAR ETFs. Balchunas added that he is not sure whether there is investor demand for altcoin ETFs.
Solaxy aims to fix Solana’s scalability limitations and introduces a new application layer
Rumors about the SOL ETF have been circulating for a long time. However, SOL, which was the third largest cryptocurrency, now trails XRP by $40 million, which may have something to do with the Solana network’s questionable performance.
Solana has a history of congestion, failed transactions, and outages. The last major outage occurred in February 2024 and lasted approximately five hours.
In a way, Solana is a victim of his own popularity. Thousands of meme projects have been launched on Solana due to its high transaction throughput, fast speeds, and no-code tools like Pump.fun. It seems that Solana was not prepared to deal with this influx.
The new solution for the second layer Solaxy It builds on Solana’s scalable infrastructure to make it more reliable and affordable. By offloading transactions from the main chain, Solaxy prevents congestion and outages.
Solaxy original code, $SolexIt is more than just a way to pay gas fees. Its multi-chain architecture makes it a bridge between Solana and Ethereum, meaning it pulls activity from two massive ecosystems and allows for seamless transfers across networks.
$SOLX is now available for pre-sale at $0.001566, but the price will rise in approximately less than 44 hours and 30 minutes as of now. The project has raised nearly $2 million in a week, most of which will go toward developing the network.
A significant portion of the funds will be distributed to early adopters in the form of rewards. The current APY of 1,827% represents an excellent opportunity to maximize potential returns when $SOLX is listed on major exchanges.
To support Solaxy or join the event, visit Solaxy official website Or go to it X channel To learn more.
Can Solaxy push Solana back into third place?
It may be too early to claim that SOLX is the next 100x cryptocurrency. However, this could be a much-needed solution to Solana’s shortcomings, and many altcoins are booming at the moment.
If Solaxy Solana helps solve the blockchain dilemma of scalability, security, and decentralization, it could lead to increased demand for SOL, and open the door to SOL ETFs.
What’s more, Solana developers will get a whole new layer to build applications on during this bull market. This means that we may see many innovative projects that were previously unimaginable.
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