Tag: Analysts

Bitcoin, Ethereum combo fund to lead ‘wave’ of crypto ETFs in 2025: Analysts

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An exchange-traded fund (ETF) tracking both Bitcoin and Ether is expected to be the first in a “wave” of new United States crypto funds in 2025, senior Bloomberg ETF analyst Eric Balchunas said. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas posted to X on Dec. 17, sharing an analysis from fellow ETF analyst James Seyffart.  The duo anticipates the first new Bitcoin (BTC) and Ether (ETH) combo fund to be followed by ETFs tracking Litecoin (LTC) or Hedera (HBAR). Seyffart noted that…

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Canary’s amended S-1 has analysts more confident a Litecoin ETF is next

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Canary Capital’s recently filed amended S-1 form for its Canary Litecoin exchange-traded fund (ETF) could signal the altcoin may be the next digital asset in the United States to get the crypto ETF treatment, following Bitcoin and Ether in 2024. According to analysts from Bloomberg, the filing from Canary Capital on Jan. 15 seemingly confirmed industry “chatter” that Litecoin applications are being reviewed by the securities regulator. “[This] bodes well for our prediction that Litecoin is most likely to be the next coin approved,” Bloomberg ETF analyst Eric Balchunas said…

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Litecoin ETF has 90% chance to get SEC approval in 2025: Analysts

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Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.  Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP (XRP), Solana (SOL) and Dogecoin (DOGE) ETF — which they see as having a 65%, 70% and 75% chance respectively.  Litecoin (LTC), which was created as a faster alternative to Bitcoin (BTC) in 2011, shares a similar proof-of-work…

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Analysts ‘Now More Convinced’ of Bitcoin Reaching $150,000 by Mid-2025

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Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now more convinced” about their $150K price forecast for bitcoin. Bernstein’s $150K Bitcoin Prediction Bernstein analysts Gautam […] Source link

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Bloomberg Analysts: Spot Bitcoin ETFs Now Have 75% Odds of Launching This Year

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Today, Bloomberg ETF analysts Eric Balchunas and James Seyffart raised their odds of a spot Bitcoin ETF approval by the SEC to 75% by the end of this year, and 95% by the end of 2024. “The chances of the SEC approving spot Bitcoin ETFs this year have risen from 75% from 65% following Grayscale’s court win, we believe, while the odds by the end of 2024 reach 95%,” said the analysts. “The judges unanimously repudiated the SECs arguments, and the agency will struggle to justify further denials as it faces deadlines,…

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