#LTC&XRPETFsNext? It is worth noting that there is increasing optimism in the market about the approval of cryptocurrency exchange-traded funds. According to the forecasting platform Polymarket, the odds of approval of an XRP ETF have risen to 70%, driven by the growing optimism after XRP’s price reached a peak of $3.39.
In addition, several investment firms, including Grayscale, have filed applications to convert XRP funds into exchange-traded funds (ETFs), reflecting the growing interest in this digital asset.
However, regulatory challenges remain for XRP, especially as the SEC continues to classify it as a security, which affects the prospects of approval of ETFs linked to it.
In contrast, Litecoin (LTC) is considered a stronger candidate for approval of an ETF, given that it is classified as a fork of Bitcoin and is not considered a security by the SEC.
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