00:00:00
we all know that in 2024 Bitcoin was the
00:00:03
star of the show as its spot ETFs
00:00:05
launched in the United States but what
00:00:08
if we told you that the whole crypto
00:00:10
Market could be about to go parabolic in
00:00:14
2025 and that's because a whole range of
00:00:16
altcoins are on track to get their own
00:00:19
ETFs and this could send the market into
00:00:22
overdrive and push prices up towards
00:00:26
Valhalla Valhalla
00:00:30
my name is Nick and today we'll look at
00:00:33
these pending altcoin ETF applications
00:00:35
that tell you which ones are the most
00:00:37
likely to be approved when this could
00:00:40
happen and what it could all mean for
00:00:43
your
00:00:44
bags before we begin let me be clear no
00:00:48
Financial advice will be given here
00:00:50
we're here to help you on your crypto
00:00:52
Quest but it's up to you to decide what
00:00:55
is best now crypto's arrived it's wild
00:00:57
and unsteady so re search well to make
00:01:01
sure you're ready okay now that I've got
00:01:04
that off my chest let's take a look at
00:01:06
altcoin ETFs now as you'll know the spot
00:01:10
Bitcoin ETFs have been a major success
00:01:13
since they were approved by the
00:01:14
Securities and Exchange Commission back
00:01:16
in January 2024 now this is one of the
00:01:19
many bullish catalysts that 2024 threw
00:01:21
up and was arguably the one that sent
00:01:25
BTC soar into new all-time highs we also
00:01:29
saw the approval of of spot ethereum
00:01:30
ETFs which began trading in July after
00:01:33
the SEC quite unexpectedly gave them the
00:01:36
thumbs up too however the ethereum utfs
00:01:39
haven't enjoyed the same success and at
00:01:42
the time of shooting eth has yet to
00:01:44
reclaim its previous all-time high of
00:01:47
around
00:01:49
$4,900 there are a few reasons for this
00:01:51
uh with the most obvious being the large
00:01:54
outflows from grayscales converted
00:01:56
ethereum trust but at a more fundamental
00:01:59
level Bitcoin is much easier for
00:02:01
institutional investors to wrap their
00:02:04
heads around than ethereum is and that's
00:02:06
because BTC has a very simple narrative
00:02:10
digital gold conversely eth is the gas
00:02:14
token that powers a global virtual
00:02:16
computer that features smart contract
00:02:19
enabled deps so yeah a little more
00:02:22
advanced whatever the reason though the
00:02:24
spot ethereum ETFs have not met the
00:02:27
expectations that institutional
00:02:29
investors would flock to eth to enjoy
00:02:31
the many layers of potential it has to
00:02:34
offer no layer to pun intended in fact
00:02:38
it wasn't until November when the spot
00:02:40
ethereum ETFs began gaining momentum and
00:02:44
that's likely because of two things
00:02:46
Donald Trump's presidential election
00:02:48
Victory and Gary Gensler subsequently
00:02:50
stepping down as the chairman of the SEC
00:02:54
more on that a bit later in any case the
00:02:57
ethereum ETFs Mark the first time an
00:02:59
altcoin got such Royal Treatment in this
00:03:02
context and has since had everyone
00:03:04
wondering which one is next luckily Eric
00:03:08
balunis a senior ETF analyst from
00:03:11
Bloomberg he has the answers as of
00:03:14
November 2024 there were 14 pendin ETF
00:03:18
applications this list includes three
00:03:20
dual ETFs that incorporate both Bitcoin
00:03:23
and ethereum and they were submitted by
00:03:25
hash Franklin Templeton and bitwise and
00:03:28
there's also two so-called baskets
00:03:31
including conversions from grayscale's
00:03:33
large cap trust and bit weis's 10 crypto
00:03:37
index and for anyone wondering
00:03:39
grayscale's large cap trust features BTC
00:03:42
eth xrp soul and avac meanwhile bit
00:03:46
wise's 10 crypto index features BTC eth
00:03:50
xrp Soul Ada avax link. bch and of
00:03:54
course Nia anyway there are also four
00:03:57
Standalone ETF applications for salana
00:04:00
submitted by Vanek 21 shares Canary
00:04:03
capital and bitwise there are three for
00:04:06
xrp from bitwise 21 shares and Canary
00:04:10
and interestingly Canary is the only one
00:04:13
to have submitted ETF applications for
00:04:15
Litecoin and herera since that tweet was
00:04:19
posted at the end of November the SEC
00:04:21
has approved two of the three Bitcoin
00:04:24
and ethereum dual ETFs specifically the
00:04:27
ones from hhex and Franklin Templeton
00:04:29
this approval happened just n days after
00:04:32
hash's third deadline the first deadline
00:04:36
for bit wise's dual ETF is at the end of
00:04:39
January so logically this would be the
00:04:41
next one to get approved especially
00:04:44
since the other two have already been
00:04:45
given the thumbs up as for Solana the
00:04:48
SEC reportedly intends to reject two of
00:04:52
the sole ETF applications and what's
00:04:55
more is that they've also signaled their
00:04:57
intention to pause new ETF applications
00:05:01
under the current Administration looks
00:05:03
like a bit of a snark from Gary on his
00:05:07
way out if you ask me nevertheless
00:05:10
Wisdom Tree has since filed for an ETF
00:05:13
application for xrp and grayscale has
00:05:16
filed for a soul ETF to suggesting they
00:05:19
believe approvals will come eventually
00:05:22
and who knows there are probably more
00:05:24
filings by the time you're watching this
00:05:27
video that speaking of which if you
00:05:30
haven't done so already why not hit up
00:05:32
those like And subscribe buttons it
00:05:35
really helps us out oh and uh be sure to
00:05:37
turn on those notifications too so you
00:05:39
get more content like this now while the
00:05:43
SEC will probably ignore any new ETF
00:05:46
applications under this Administration
00:05:49
this doesn't slow things down too much
00:05:51
and that's because following Donald
00:05:53
Trump's presidential election Victory
00:05:54
SEC chairman Gary Gensler is finally
00:05:57
stepping down on the 20th of January the
00:06:00
same day as Trump's inauguration and
00:06:03
just as we'll be cheering his departure
00:06:05
we'll also be cheering the arrival of
00:06:08
his replacement Paul Atkins for those
00:06:10
unfamiliar Paul actually served as a
00:06:13
member of the president's strategic and
00:06:15
policy Forum in the Trump first term in
00:06:17
that time he was recognized for
00:06:19
promoting Common Sense regulations and
00:06:22
Advising against regulation that created
00:06:24
unnecessary obstacles he also happens to
00:06:26
be a pro crypto you can uh think of him
00:06:30
as the yin to Gary gensler's Yang the
00:06:33
caveat is that Paul won't be in the
00:06:36
moment Gary is out in the short term
00:06:38
Gary will likely be replaced by an
00:06:40
acting chair until Paul is formally
00:06:43
appointed the acting chair will be
00:06:45
selected from the sec's existing
00:06:47
Commissioners uh with a bit of luck they
00:06:49
will also be Pro crypto as most of them
00:06:52
are so the chances are looking good
00:06:56
anyway this is a big deal because the
00:06:59
SEC has been notorious for rejecting
00:07:02
crypto ETF applications all in the name
00:07:04
of so-called investor protection
00:07:07
naturally this raises the questions of
00:07:09
how the SEC reviews ETF applications in
00:07:13
the first place well there are a number
00:07:15
of factors taken into consideration
00:07:18
first the SEC will assess the custodial
00:07:21
Arrangements in order to prevent any
00:07:23
theft or fraud the regulator also checks
00:07:26
that there's enough market surveillance
00:07:28
to avoid any Market manipulation and
00:07:30
that there's enough liquidity for
00:07:32
investors to trade freely and finally
00:07:35
the SEC checks how the ETF will track
00:07:37
the price of the crypto in question the
00:07:41
thing is the interpretation of these
00:07:43
rules is often a cause for the SEC to
00:07:46
reject ETFs and this is one of the many
00:07:48
reasons why people are excited about the
00:07:51
upcoming changes once Gary leaves and
00:07:54
Paul steps in the door to new
00:07:56
possibilities is thrown wide open Grant
00:07:59
of course that Paul's appointment is
00:08:01
approved by the senate for instance the
00:08:04
guidelines themselves could become more
00:08:06
relaxed or at the very least there would
00:08:09
be a more relaxed interpretation of the
00:08:12
existing guidelines this should allow
00:08:15
the regulator to become much friendlier
00:08:17
towards the crypto industry which should
00:08:19
speed up ETF approvals at the same time
00:08:23
President elect Trump has already
00:08:24
signaled his intention to hand oversight
00:08:27
of the crypto Market over from the SEC
00:08:29
to the Commodities Futures Trading
00:08:31
commission or
00:08:33
cftc this means that even if Paul
00:08:36
doesn't get Senate approval to run the
00:08:38
SEC the regulator may not affect the
00:08:40
crypto Market as much as it once did to
00:08:44
be clear the cftc wouldn't have the
00:08:47
authority to approve or reject ETF
00:08:50
applications but it would gain much more
00:08:53
authority over the space for many people
00:08:56
this is great because the cftc is
00:08:58
considered much less anti- crypto than
00:09:01
the SEC what this could mean is that the
00:09:04
crypto industry won't be held back by
00:09:06
stringent regulations that slam the
00:09:08
brakes on Innovation instead the
00:09:11
regulatory environment would be much
00:09:12
more relaxed allowing for the broader
00:09:15
crypto industry to thrive as it always
00:09:18
should
00:09:19
[Music]
00:09:27
have we regret to announce that the Bro
00:09:30
crypto podcast is sponsored by the coin
00:09:32
Bureau deals page this is the place
00:09:35
where you can find the very best deals
00:09:37
and Promos in the crypto space from
00:09:39
massive trading fee discounts to insane
00:09:42
sign up bonuses on some of the best
00:09:44
crypto exchanges you'll also find crazy
00:09:47
discounts on Hardware wallets and you
00:09:49
can sign up for our exclusive coin
00:09:51
Bureau Club there too so check out the
00:09:54
coin Bureau deals page today otherwise
00:09:57
you'll have to keep listening to these
00:09:59
two idiots that's the problem a lot of
00:10:01
crypto Bros have these days are inside
00:10:03
too much 247 on ins get out get some get
00:10:07
some vitamin D so then when will the
00:10:10
altcoin ETF applications be approved
00:10:13
unfortunately the short answer is not
00:10:16
immediately as we mentioned earlier the
00:10:18
current SEC Administration has
00:10:20
reportedly paused new ETF application so
00:10:24
don't expect the ball to start rolling
00:10:26
again until the end of January at the
00:10:28
very early EST once things do begin to
00:10:31
move though uh there are a few things we
00:10:33
can keep in mind particularly when it
00:10:35
comes to the sec's own approval
00:10:38
deadlines specifically the SEC has 45
00:10:41
days from the date of the ETF filing to
00:10:44
make an initial decision by which point
00:10:46
it can extend the review period to a
00:10:49
maximum of 240 days or roughly 8 months
00:10:53
it's also worth noting that while the
00:10:55
review process is ongoing stakeholders
00:10:58
are able to to express their opinions or
00:11:01
their concerns unsurprisingly uh the SEC
00:11:05
has historically used almost all 240
00:11:08
days for any crypto related ETF
00:11:10
decisions however under a new
00:11:12
Administration it's far less likely that
00:11:15
this process will be dragged out to the
00:11:17
Limit while nobody knows for sure when
00:11:20
the altcoin ETFs will be approved a few
00:11:23
analysts have given their predictions
00:11:26
Eric balunis and James saford both
00:11:29
Bloomberg ETF analysts predict that
00:11:31
we'll see a wave of new ETFs in 2025 but
00:11:36
not all at once on the 17th of December
00:11:38
they predicted that the Dual Bitcoin and
00:11:40
ethereum ETFs would be approved first
00:11:43
and uh just two days later this
00:11:45
prediction came true they also predicted
00:11:48
that Litecoin ETFs will follow soon
00:11:52
after and that's simply because Litecoin
00:11:54
is a fork of Bitcoin hia would
00:11:57
supposedly follow Litecoin possibly
00:11:59
between q1 and Q2 uh then towards the
00:12:02
end of the year we could see soul and
00:12:04
xrp get their own ETFs too uh depending
00:12:08
of course on the resolution of any legal
00:12:10
issues related to the two crypto
00:12:12
projects James safer in particular has
00:12:15
outlined that neither litecoin's LTC nor
00:12:18
hide's hbar have been labeled as
00:12:21
Securities anywhere and this gives their
00:12:23
ETF applications the highest chances of
00:12:26
approval oddly enough neither LTC nor
00:12:29
hbar have moved much on this news H
00:12:32
elsewhere Nate gachi the CEO of ETF
00:12:35
store has said to quote assume multiple
00:12:38
issuers were highly prepared for
00:12:40
election results and added that there's
00:12:42
quote no downside to getting aggressive
00:12:45
now Alex Thorne the head of research at
00:12:48
Galaxy digital has also said that
00:12:50
litecoin's ETF has a high chance of
00:12:53
approval thanks to its Fair launch and
00:12:56
absence of a pre-mine or token sale but
00:12:59
it's not just industry experts giving
00:13:01
their predictions according to
00:13:03
prediction Market platforms such as poly
00:13:05
Market xrp is the most likely altcoin to
00:13:08
get an ETF at about a 75% probability
00:13:12
salana comes in at a close second place
00:13:15
with 69% followed by Litecoin at 51% and
00:13:20
wait Dogecoin has an ETF probability of
00:13:25
22% only in crypto hey folks and and
00:13:29
this is crazy when you consider that
00:13:31
none of the ETF applications are for
00:13:33
Dogecoin not even those for the crypto
00:13:36
index ETFs but it's not so crazy when
00:13:39
you remember that Dogecoin is actually a
00:13:42
fork of Litecoin food for thought as for
00:13:45
the ETF baskets that is the converted
00:13:48
index funds from grayscale and bitwise
00:13:50
we reckon these will be approved later
00:13:52
in 20125 and that's simply because these
00:13:55
products are obviously more complex so
00:13:58
then you probably wondering what this
00:14:00
could mean for the cryptos in question
00:14:03
well let's start with the obvious in
00:14:06
theory the altcoins associated with
00:14:08
their respective ETFs should see a
00:14:10
massive surge in price we say in theory
00:14:14
because many people expected this to
00:14:16
happen with the spot ethereum ETFs but
00:14:19
as we saw this didn't really play out
00:14:22
and let's not kid ourselves so there's a
00:14:24
very real chance that we could see a
00:14:26
similar lack of institutional interest
00:14:28
in the altcoins with pending ETF
00:14:31
applications assuming that these altcoin
00:14:33
ETFs gain more traction though several
00:14:36
analysts have made a variety of price
00:14:38
predictions for the altcoins with these
00:14:39
pending ETFs uh to refresh your memory
00:14:42
these include so xrp LTC and harar
00:14:46
starting with salana predictions for
00:14:48
Souls price vary from $300 to $450 in
00:14:52
the near term uh some have even
00:14:55
predicted Soul could reach the landmark
00:14:57
$1,000 in the most favorable market
00:15:01
conditions so far things are looking
00:15:03
pretty good on that front one prediction
00:15:06
that caught our eye was from Jeff
00:15:08
Kendrick the global head of digital
00:15:10
assets research at Standard Chartered
00:15:13
Jeff reckons that Soul could reach
00:15:15
$560 which is more than double its
00:15:18
previous all-time high as for xrp you'll
00:15:22
probably know that its price ried like
00:15:24
crazy recently and we reckon that
00:15:26
there's still plenty of room to run now
00:15:29
you can learn more about that in our
00:15:31
video over here by the way anyway post
00:15:35
ETF price predictions for xrp range from
00:15:38
$2.8 to 3.15 in the near term with
00:15:42
longer term predictions of around $10
00:15:45
some more bullish estimates even put xrp
00:15:49
at
00:15:50
$35 by the end of the year that's an
00:15:53
insane jump from today's prices but if
00:15:55
there's anything that the xrp Army has
00:15:57
taught us recently it's not to rule them
00:16:00
out moving on to Litecoin our price
00:16:02
predictions for LTC range from $130 to
00:16:06
$160 in the near term as for the
00:16:09
longterm predictions range from $170 to
00:16:12
$ 205 with some Uber bullish predictions
00:16:15
even putting LTC as high as
00:16:19
$1,100 by the end of the year wow and
00:16:24
finally Hera's harar price Target seem
00:16:27
to be a bit more conservative here but
00:16:30
then again that's probably because H bar
00:16:32
has already enjoyed an impressive rally
00:16:34
since November in the short term some
00:16:37
believe that harar could hit around 70
00:16:40
cents and around 80 cents in the long
00:16:42
term some more optimistic predictions
00:16:45
even have har bar between $1.5 and $2 by
00:16:49
the end of the year ultimately though
00:16:51
these are all just guesses how much a
00:16:54
crypto will rally by will depend on how
00:16:56
much institutional interest their
00:16:58
respective ETFs can attract assuming of
00:17:00
course they get approved in the first
00:17:03
place so then a lot of talk about a few
00:17:05
pending altcoin ETFs but what does this
00:17:08
mean for the broader altcoin Market well
00:17:12
this is where things get really
00:17:14
interesting you see for each altcoin ETF
00:17:17
that gets approved this will create fomo
00:17:19
on several fronts retail investors will
00:17:22
realize the potential for massive
00:17:23
inflows and will ape into these cryptos
00:17:26
to get ahead of the pack they will also
00:17:28
o start speculating on which altcoins
00:17:31
could be the next ones to get ETF
00:17:33
approvals meanwhile the ETFs will show
00:17:36
institutional investors the crazy price
00:17:39
potential that altcoins can have and
00:17:41
this could trigger their fomo this is
00:17:44
especially likely if stocks and bonds
00:17:46
are sluggish as a result of things like
00:17:49
Trump's tariffs but back to the
00:17:51
possibility of more altcoin ETFs if the
00:17:54
first wave of altcoin ETFs takes off
00:17:57
then this would incentivize the
00:17:58
submission of even more altcoin ETF
00:18:01
applications as it would prove that the
00:18:03
demand is indeed there when you start to
00:18:05
think of the possibilities here you
00:18:07
quickly realize that crypto's total
00:18:09
market cap could
00:18:11
explode oh and remember when we said
00:18:14
that Dogecoin could be getting an ETF
00:18:17
well it might not be the only dog on the
00:18:20
block now just recently the cftc labeled
00:18:23
flocky as a utility token what this
00:18:26
means is that the flocky token is driven
00:18:28
by real use cases rather than
00:18:31
speculation or manipulation when you
00:18:34
recall that the cftc will likely soon
00:18:37
have authorative oversight of the crypto
00:18:39
Market you start to wonder if flocky
00:18:42
could one day have an ETF of its own
00:18:45
more to the point you also start to
00:18:47
wonder what other mem coins dog themed
00:18:50
or otherwise could get similar treatment
00:18:53
in any case knowing which altcoin could
00:18:55
get an ETF next is anyone's guess but
00:18:58
but we can perhaps use asset managers
00:19:01
like grayscale as a proxy here if you
00:19:04
watched our video on grayscale's altcoin
00:19:06
trusts you'll know that they have a
00:19:08
habit of creating trusts for altcoins
00:19:10
that could be on the radar of
00:19:13
Institutions more about that in the
00:19:15
description now as we've discussed in
00:19:18
this video the regulatory landscape for
00:19:19
crypto will likely become much more
00:19:21
relaxed in the coming months and this
00:19:23
could actually be huge for crypto
00:19:25
staking in particular in fact James say
00:19:28
it predicts that crypto staking will
00:19:30
become an integral part of the ETF
00:19:33
market right now Gary gansler's SEC
00:19:36
views staked cryptos as unregistered
00:19:38
Securities but if Paul Atkins SEC takes
00:19:41
a more relaxed stance on staking this
00:19:44
would be huge news for ethereum and any
00:19:47
other proof of stake cryptos in fact it
00:19:50
could be huge news for altcoins that
00:19:52
offer decent stake in rewards since
00:19:54
these will be incredibly attractive to
00:19:56
institutional investors who love earning
00:19:59
yield but best of all the rise of
00:20:01
altcoin ETFs would significantly boost
00:20:03
the legitimacy of the crypto industry
00:20:06
and this could be a key Catalyst that
00:20:08
Sparks that mass adoption so strap in
00:20:13
folks because 2025 could be one hell of
00:20:16
a year okay if you found this video
00:20:19
interesting why don't you subscribe to
00:20:21
the channel right over here oh and if
00:20:25
trading is your thing you have to check
00:20:27
out our reboot trading Channel that's
00:20:30
right over here thanks again for
00:20:33
watching and I'll see you again soon
00:20:35
[Music]
