#LTC&XRPETFsNext?
ANALYSIS OF LTC AND XRP ETF:
James Seyffart and Eric Balchunas evaluated the likelihood that the SEC will approve several ETF products and stated that a Litecoin ETF is the most likely, but after some predictions, they believe that Dogecoin has a higher chance of approval than Solana or XRP because the SEC will view the memecoin as a commodity. Either way, they expect more clarity and actions from the SEC soon.
“The significant implications/expectations in these probabilities are that:
1. The filings will be recognized. Probably this week for XRP and Dogecoin.
2. The SEC and the crypto task force of Commissioner Peirce will unravel some of the security vs commodity implications of the lawsuits by the end of 2025,” said Seyffart.
Since former Chairman Gary Gensler left the SEC, there has been an increase in new ETF applications. Several new companies are ramping up their efforts to win some popular ETFs, but there are newcomers. For example, Bitwise filed one for Dogecoin, trying to create the first memecoin ETF.
Additionally, Seyffart noted that the SEC still has a legal battle with Ripple, hindering the odds of an XRP ETF. The entire lawsuit is based on whether XRP is a security or a commodity. So, until it is officially decided, XRP ETFs could be less likely.