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In a recent development reported by Opeyemi Sule, the landscape around Bitcoin exchange-traded funds (ETFs) is transforming, especially following their authorization in the United States a year ago.
Crypto analyst Nate Geraci, head of the ETF Store, believes that the U.S. Bitcoin ETF market is on track to outshine traditional physical gold ETFs soon.
At this moment, spot Bitcoin ETFs hold assets worth around $107.64 billion, while gold ETFs stand at approximately $271 billion.
Future Predictions for Cryptocurrency ETFs
Looking ahead, Geraci forecasts that the U.S. Securities and Exchange Commission (SEC) may approve options trading for spot Ether ETFs and allow staking activities related to these ETFs by 2025.
He envisions a future where investors can directly exchange actual Bitcoin or Ether to create or redeem ETF shares.
Additionally, he expects the Bitwise Bitcoin Standard Corporations ETF to launch, projecting it will surpass $1 billion in assets in the midst of more than 50 other crypto ETFs set to debut that same year.
Market Capitalization and Emerging Developments
Geraci’s predictions don’t stop there; he also anticipates that the SEC will give the green light to spot ETFs for popular cryptocurrencies like Solana and XRP by 2025.
Furthermore, he suggests Vanguard may start offering spot Bitcoin and Ether ETFs to its clients soon.
Currently, the cryptocurrency market’s total capitalization hovers around $3.46 trillion.
Bitcoin continues to reign supreme, holding a market cap close to $1.87 trillion, followed by Ethereum with a valuation nearing $495 billion.
Source: Bitcoinist
