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Franklin Templeton has filed for a dual crypto index ETF to track Bitcoin and Ether, coinciding with Bitcoin's stabilization at the critical $100K support level. Analysts predict that the SEC may approve this ETF alongside similar proposals from Bitwise and Hashdex in 2025, bolstered by recent regulatory appointments and a favorable market outlook. The proposed fund will focus solely on Bitcoin, Ether, cash, and cash equivalents, aiming to replicate the CF Institutional Digital Asset Index without engaging in staking or income-generating activities.
As 2025 approaches, Ethereum and Solana are in fierce competition, with Solana recently outperforming Ethereum in application income and decentralized exchange volume. However, Bitwise CIO Matt Hougan predicts Ethereum will surpass Solana due to its expanding ecosystem and institutional interest, bolstered by upcoming upgrades and Layer-2 solutions. While Solana's rapid transaction speeds and low costs attract users, Ethereum's institutional capital inflows and anticipated performance enhancements position it favorably for future growth.
As 2025 approaches, competition between Ethereum and Solana intensifies, with Solana recently outperforming Ethereum in application income and DEX volume. However, Bitwise CIO Matt Hougan predicts Ethereum will surpass Solana, driven by its expanding ecosystem, Layer-2 solutions, and strong institutional interest, potentially pushing its price to $6,000-$7,000. Both cryptocurrencies possess unique strengths, making the race for dominance in the altcoin market highly competitive.
Ethereum's price fell to $3,540, a 10% drop, following a hawkish Federal Reserve announcement, while Ethereum ETFs saw inflows surpassing $2.46 billion over 18 days. Despite the decline, over 54.7 million ETH are staked, indicating strong long-term investor sentiment. The total value locked in Ethereum's DeFi ecosystem exceeds $73.7 billion, significantly outpacing competitors.
Bitcoin's price dipped sharply after the Federal Reserve's recent rate cut, falling to $98,839 before stabilizing at $101,586. Despite this volatility, Bitwise CIO Matt Hougan remains optimistic, citing strong fundamentals, institutional adoption, and favorable technical indicators as signs of a continued multi-year bull market. He believes that the current dip is a temporary fluctuation, not a reversal of the upward trend.
Bitwise has launched a Solana staking exchange-traded product (ETP) named bSOL for the European market, following the SEC's rejection of its request to list a Solana ETF in the U.S. Marinade Finance will serve as the staking provider. The bSOL product is now available on the German stock exchange, Xetra, offering a transparent fee structure aimed at institutional investors. Meanwhile, SOL has seen a 10% decline over the past week.
Ethereum's recent price fluctuations, including a brief surge past $4,000, reflect strong institutional interest, particularly in spot ETFs, which have seen a remarkable $2 billion inflow. With an 81% market share in the $100 trillion tokenization sector, Ethereum is poised for significant growth, attracting more institutional investors as it solidifies its role in decentralized finance and blockchain technology. Experts predict 2025 will be a pivotal year for Ethereum, driven by its leadership in tokenization and increasing adoption.
Bitwise CIO Matt Hougan predicts that Ethereum will outpace Solana by 2025, driven by advancements in Layer-2 networks that enhance scalability and user experience. Projects like Clanker and Virtuals showcase Ethereum's adaptability, positioning it as a leader in blockchain technology, particularly in AI and DeFi. Despite Solana's recent growth in developer activity, Hougan remains confident in Ethereum's trajectory, anticipating significant price increases for both assets by 2025.
Bitwise CIO Matt Hougan predicts Bitcoin could soar beyond $200,000 if the US government establishes a Bitcoin strategic reserve, potentially leading other nations to follow suit. He notes that increasing demand from ETFs, public companies, and governments could drive prices significantly higher, with expectations of Bitcoin exceeding $200,000 by this time next year. Currently, Bitcoin is trading at $104,532, reflecting a 2.5% decline in the last 24 hours.
Bitwise has launched a Solana Staking ETP on the Deutsche Börse AG, catering to European investors seeking higher returns through staking, which rewards users for locking up their SOL tokens. As the asset approaches an all-time high, Bitwise has also filed for a Solana ETF in the U.S., amid growing optimism for regulatory changes following the upcoming political shifts. However, staking remains contentious in the U.S. due to ongoing SEC scrutiny.
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