ETF Bitcoin Dongkrak Market Interests, HBAR And XRP Ready To Follow!
JAKARTA - Since the Bitcoin ETF launched in early 2024, on January 10, it has succeeded in attracting the interest of traditional investors. The Bitcoin ETF itself has been approved by the United States Securities and Exchange Commission (SEC) a few days earlier. The SEC gave the green light for the launch of the first 11 Bitcoin exchange traded funds (ETF). The presence of the Bitcoin ETF managed to attract traditional investors who want to invest in Bitcoin through instruments closely monitored by regulators.
Since its launch, the Bitcoin ETF has immediately attracted great interest. Data from Coinclass shows that more than US$ 123.87 billion (Rp1,920.98 trillion) worth of Bitcoin has entered this ETF, managed by a number of well-known companies.
This positive trend is further strengthened by SEC's approval of ETF Ethereum, offering more investment options for the public and strengthening relations between conventional finance and digital assets.
Nearest ETF Plan, XRP And HBAR
Eric Balchunas, an analyst from Bloomberg, estimates that 2025 will be a new era for crypto ETFs. According to him, the combined ETF of Bitcoin and Ethereum is likely to be the first strategic investment product to be released. Furthermore, Litecoin has the potential to be a strong candidate for the next ETF because of its status as a Bitcoin fork and recognition as a commodity.
Analysts also see great potential for ETF HBAR (Hedera) and XRP, given its unique position that is not categorized as securities. However, Solana, the road to ETF may take longer due to regulatory constraints related to the legal status of the SOL coin.
According to Vance Spencer, founder of Framework Ventures, support from major financial institutions such as BlackRock and Fidelity is critical to ensuring the success of future crypto ETFs. Without their involvement, the impact of ETF on the market could be limited.