According to Jonathan Groth, a partner at DGIM Law, the fourth quarter of 2025 promises to be a boom time for issuers of cryptocurrency ETFs.
Asset managers are preparing to launch cryptocurrency exchange-traded investment funds (EBITD), capitalizing on the growing hype around digital assets while receiving an incentive from more lenient regulatory requirements to bring products to market, Reuters reports.
The updated U.S. Securities and Exchange Commission (SEC) standards for ETFs, announced last week, could boost demand for exchange-traded products linked to cryptocurrencies, from Solana to Dogecoin.
ETFs based on the more traditional cryptocurrencies bitcoin and Ethereum were launched in 2024 in accordance with previous regulations that provided for stricter standards for issuers and exchanges.
There are 21 ETFs in the United States that own either bitcoin, ether, or a combination of the two, as well as numerous SEC filings for new products linked to other coins.
Analysts expect that the first products approved under the new rules, probably ETFs linked to cryptocurrencies Solana and XRP, will appear in early October.
"We have about a dozen documents with the SEC right now, and there will be more coming soon," said Stephen McClurg, founder of Canary Capital Group, a digital asset investment management company that develops and launches ETFs. "We are all preparing for a wave of launches."
Since the SEC first introduced the proposed new listing standards in July, companies have been hastily updating their applications for new products and responding to specific comments and questions from the Commission.
The SEC's vote last week to adopt new listing standards eliminates the need for individual review of each application for crypto ETFs by regulatory authorities, allowing the launch of products that meet pre-established standards without a lengthy individual approval procedure. According to industry sources, this will reduce the approval time for new crypto products to 75 days or less, compared with 270 days previously.