From the current market analysis and expert opinions, Litecoin (LTC) ETF is considered the most likely altcoin ETF to be approved first. Here are the relevant analyses and justifications:
Advantages of Litecoin ETF
1. Technical background and market recognition: Litecoin is a fork of Bitcoin, technically similar to Bitcoin, and has no pre-mining or token sales, making its issuance regarded as fair. This technical background and market recognition give it a certain advantage in SEC approval.
2. Expert predictions: Bloomberg senior ETF analyst Eric Balchunas stated that the Litecoin ETF has met all approval conditions and is expected to be the first altcoin ETF approved in 2025.
3. Regulatory attitude: Galaxy Digital research director Alex Thorn pointed out that due to its issuance method, Litecoin is unlikely to be classified as a security by the SEC, which reduces the risk of rejection by regulators.
Other altcoin ETF situations
• Solana (SOL) ETF: Although there are high expectations for it in the market, the SEC has not yet accepted the recent Solana ETF application. Bloomberg analyst James Seyffart believes that the approval of the Solana ETF is just a matter of time, but it still faces some regulatory uncertainties.
• XRP ETF: XRP has been classified as a security in pending litigation, which increases the difficulty of its ETF approval. However, the market generally believes that the approval of the XRP ETF is also just a matter of time.
• Hedera (HBAR) ETF: Since HBAR has not been classified as a security, its ETF application also has certain potential for approval, but currently, market attention is relatively low.
Summary
Overall, the Litecoin ETF has advantages in technical background, market recognition, and regulatory attitude, and is considered the most likely altcoin ETF to be approved first in 2025. However, changes in the regulatory environment and market dynamics may still affect the final outcome, and investors need to closely monitor the SEC's approval progress and related policy changes.
