Swiss ETP issuer predicts another nation to adopt Bitcoin as reserve, Ethereum resurgence in 2025

Crypto provider 21Shares predicts a transformative year for crypto in 2025, predicting Bitcoin’s rise will continue, Ethereum’s revenue recovery, and stablecoins’ expansion.

According to the latest research from 21Shares, assets under management are expected to reach $150 billion by 2025, driven by increasing institutional interest in products traded on the crypto exchange. The firm’s “2025 Crypto Market Outlook,” published Dec. 9, identifies key factors driving this growth, including rising institutional demand, U.S. approvals for crypto ETPs, and favorable macroeconomic conditions.

The outlook also predicts that more nation states will adopt Bitcoin (BTC) as a reserve asset, with countries like Argentina likely to follow suit. Additionally, the report predicts that the total locked value of Bitcoin will exceed $10 billion in 2025; This points to Bitcoin’s growing utility as more than just a store of value.

Adrian Fritz, head of research at 21Shares, noted that European markets have “led the adoption of digital assets in recent years, while the US has become an increasingly challenging market for digital assets as investor interest in the asset class grows.”

Ethereum (ETH) is also expected to see a resurgence in revenue growth; 21Shares predicts that the cryptocurrency “will regain revenue levels, likely exceeding 100% of target growth due to strategic layer 2 integrations.”

The outlook also envisions greater adoption of stablecoins by both traditional financial sectors and web2 giants, saying these assets represent “one of the most compelling use cases of cryptocurrency that showcases an ideal product market.” 21Shares also noted its strong performance, with assets under management exceeding $10 billion in 2024, and added that it will “bring on a new executive team to support business expansion in 2025.”