-According to ETF analysts Eric Balchunas and James Seyffarth, Litecoin is the most likely to be approved for a spot exchange-traded f
und (ETF).Seyffarth said in a post on X that #Litecoin has no legal problems with the U. S. Securities and Exchange Commission.
The SEC has never called Litecoin a security, so I wouldn't be surprised if Litecoin comes out on top.
Meanwhile, the path to #ETF approval for #XRP remains unclear, according to analysts. Despite recent filings from #CoinShares , Bitwise, 21Shares, WisdomTree and others, Seyfarth and Bartunas cite the ongoing legal battle between the SEC and Ripple Inc. until all of this litigation between Ripple/XRP and the SEC is resolved.... We probably won't see ETFs, Seyfarth explained.
February 6, the SEC granted several applications for cryptocurrency ETFs.
Among the applications are the Solana ETF from Grayscale, the Bitcoin ETF from BlackRock. physical redemption offer, and Cboe's application for spot XRP ETFs issued by Bitwise, 21Shares, Canary Capital and WisdomTree.
asdaq also approved CoinShares' application to list the XRP and Litecoin ETFs proposed by these developments indicate growing institutional investor interest in altcoin ETFs, but analysts warn that XRP's regulatory uncertainty could delay approval.
XRP is still under legal scrutiny, while Litecoin is already classified as a commodity by the CFTC, Seyfarth notes. While the
XRP community remains optimistic, ETF analysts believe regulatory clarity is needed to gain approval.
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