Analysts informed Cointelegraph that crypto prices may surge due to upcoming legislation on crypto market structure, stablecoins, and an influx of exchange-traded products (ETPs) in the fourth quarter, following a period where digital treasury assets have dominated.
In a report published on Thursday, Grayscale’s research team indicated that the CLARITY Act in the US, which is a comprehensive financial services legislation, could serve as “a catalyst for a more profound integration with the conventional financial services framework.”
Furthermore, the SEC’s endorsement of a standard for commodity-based ETPs could lead to increased inflows by making a greater number of crypto assets available to US investors.
The researchers also suggested that “crypto assets are likely to gain from Federal Reserve rate reductions,” highlighting a rate cut that occurred on September 17, the first since last year, with potential for more in the future.
Despite this, JPMorgan’s CEO Jamie Dimon expressed skepticism regarding further rate cuts, noting on Monday that he believes the Fed will find it challenging to lower interest rates unless inflation decreases.
Chains Supporting Stablecoins May Thrive This Quarter
In an interview with Cointelegraph, Edward Carroll, head of markets at crypto investment firm MHC Digital Group, anticipated that the expansion of stablecoins will be a major return driver in Q4.
In July, US President Donald Trump enacted the GENIUS Act, which is designed to create clear regulations for payment stablecoins, though final rules are still pending.
“This is expected to positively impact any chain utilized for stablecoins, including Ethereum, SOL, Tron, BNB, and Ethereum layer 2s. More fundamentally, it benefits the companies developing and marketing these products,” Carroll stated.
Simultaneously, he foresees growth in institutional utilization of tokenization as larger entities begin to explore tokenized money market funds, bank deposits, and exchange-traded funds (ETFs).
Bitcoin and Altcoins Could Experience a Strong Quarter as Well
Pav Hundal, lead analyst at the Australian crypto brokerage Swyftx, shared with Cointelegraph that increased investment through funds and automated contributions will lead to a Bitcoin (BTC) rally towards year-end, prompting an altcoin surge in Q4.
A report from River Financial, released earlier this month, revealed that ETFs are acquiring an average of 1,755 Bitcoin daily in 2025.
“Barring any unforeseen circumstances that could impede the market, Bitcoin is likely to reach new highs before the year’s end, which will, in turn, energize altcoins,” Hundal remarked.
“The market has been rotational throughout 2025, with altcoins thriving following Bitcoin’s initial rallies. I see no reason for this trend to shift now. Memecoins and DeFi applications such as Pump.fun, Hyperliquid, and Aster have been the leading performers during these rotations.”
Hundal observed that last quarter, the significant trend was US-listed companies transitioning to digital asset treasuries, with Ether (ETH), Solana (SOL), and Hype standing out as top performers recently.
Related: Crypto treasury share buybacks could indicate a ‘credibility race’ is underway
DeFi Revenue-Generating Projects May Also Succeed
Henrik Andersson, chief investment officer of Apollo Crypto, expressed to Cointelegraph his expectations for Q4, including ETF approvals in the US, particularly for staked assets, as well as the passage of the CLARITY Act.
“We believe revenue-generating projects in the DeFi sector will continue to perform exceptionally well. Stablecoins and real-world assets (RWA) will likely remain significant themes overall.”
However, he cautioned that “expectations surrounding rate cuts in the US could be disappointing as the economy and job market appear to be performing better than anticipated at the time of the last rate decrease.”
Andersson noted that in Q3, noteworthy developments included Hyperliquid and Pump buybacks making significant impacts in the crypto realm, alongside the “expansion of digital asset treasuries.”
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