cryptoetfnextwave

According to CoinDesk, 2025 is anticipated to be a significant year for cryptocurrency exchange-traded funds (ETFs), as highlighted by Laser Digital, the digital asset arm of Nomura. The company suggests that over a dozen crypto ETFs could be introduced in the U.S. this year, contingent upon approval from the Securities and Exchange Commission (SEC). The report from Laser Digital last week indicated that asset managers have already submitted 12 filings to the SEC. Among the proposed products are a ProShares ETF that measures the S&P 500's return in bitcoin, a combined bitcoin/ether ETF, and products based on litecoin, XRP, and Solana. Laser Digital predicts that a bitcoin/ether ETF is likely to receive approval first.The successful launch of spot bitcoin ETFs in the U.S. in January of the previous year set a promising precedent. Blackrock's iShares Bitcoin Trust (IBIT) managed to gather approximately $53 billion in assets under management within its first 11 months, surpassing all prior ETF launches. The report also notes that with the appointment of crypto-friendly Paul Atkins as the new chairman of the SEC and the departure of Gary Gensler, the ongoing legal challenges against crypto companies are expected to diminish. This shift in leadership is seen as increasing the likelihood of approval for these new ETFs.Laser Digital forecasts that the ETF market will continue to expand in terms of assets under management (AUM) and will experience broader adoption by institutional investors in 2025. This growth is anticipated to be further supported by President-elect Donald Trump, who is expected to return to office with a team of regulators favorable to cryptocurrency. Additionally, asset manager Grayscale has expressed intentions to convert its Grayscale Solana Trust (GSOL) into an ETF by December, signaling further developments in the crypto ETF landscape.

Bitcoin hovers above $91,000 after a brief drop under $90,000 on Monday.Altcoins and AI-related tokens corrected heavily, responding to Bitcoin’s price drop.AI agent launchpad coins erased nearly 15% from its market capitalization within 24 hours.NEAR, ICP, Render and TAO declined between 5 and 7% on the day.

Bitcoin (BTC) lost support at the $90,000 level on Monday, down to a low of $89,256 on the day. Experts analyzed the state of the market, identifying catalysts like macroeconomic developments in the United States (US) and President-elect Donald Trump’s inauguration as the key movers for BTC.
The Artificial Intelligence (AI) category of tokens was the hardest hit, with AI agent launchpad tokens losing nearly 15% of their market cap on Monday.
Why Bitcoin slipped to a low of $90,000 ??
Bitcoin corrected under $90,000 briefly, recovering above $91,000 at the time of writing. The brief decline raised concerns among BTC holders and crypto traders, with the emergence of the "end of Bitcoin bull run" narrative.
James Toledano, chief operating officer at Unity Wallet, suggests FXStreet’s readers bear in mind that Bitcoin and crypto generally is
"a volatile beast over a month, this is all very normal for Bitcoin."
When asked to identify factors behind Bitcoin’s correction, Toledano says:
"As for why it has dropped it could be for a variety of factors, but the following stand out. The first is profit-taking, after hitting a peak of around $108,300 in mid-December, the market has seen a massive amount of it, particularly following the election of pro-crypto President-elect Donald Trump."
"Secondly, while institutional buying has continued contributing to Bitcoin reserves on exchanges hitting a seven-year low, trading volume remains subdued and this could simply be down to a seasonal slow-down," he added.
The Unity Wallet executive highlighted that extended breaks or slow recovery from the holiday season are another factor behind the lack of decisive momentum in the crypto market.
The $100,000 milestone remains a key resistance level for Bitcoin and Toledano considers the impact of macroeconomic factors on the crypto market when explaining the BTC drawdown.
President-elect Trump’s inauguration is scheduled for January 20 and anticipation surrounding the event could lead to short-term volatility for an asset that is already highly volatile.

Altcoins and AI agent tokens lose value rapidly
Typically, a correction in Bitcoin drags down altcoins and the market capitalization of crypto, nearly every dip. CoinGecko data shows that the crypto market cap is down nearly 5% in the past day.

Altcoins ranked in the top 10 tokens have erased between 2% and 7% of their value in the last 24 hours.
AI agent tokens wiped out nearly 15% of value in the same timeframe. The top 5 tokens in the category, as seen on CoinGecko, suffered double-digit losses in the last 24 hours.
The market capitalization of the sector slipped to $4.413 billion and the 24-hour trade volume hovers around $902.6 million.
Top AI tokens, Near protocol (NEAR), Internet Computer Protocol (ICP), Render (RNDR) and Bittensor (TAO) prices decreased between 5 and 7% in 24 hours

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