🔥 The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the registration application for XRP and Litecoin ETFs from CoinShares, opening up opportunities for these two long-standing altcoins to join Wall Street.

SEC Considers XRP and Litecoin ETF – Positive Signals for Crypto?

According to a filing released on Wednesday, #SEC is considering CoinShares' proposal, one of Europe's leading asset managers, to list the ETF for XRP and Litecoin in the U.S.

📌 If approved, this will be the first spot ETF for XRP and Litecoin, two long-standing cryptocurrencies in the market. Currently, XRP ranks 3rd by market cap, while $LTC is 15th.

💬 The SEC announced that comments will be collected over the next 21 days, after which the agency will decide on the application. This is the standard procedure that ETFs must go through before being licensed.

Previously, Nasdaq filed 19b-4 forms requesting regulatory changes to allow the listing of these two ETFs on the exchange. However, the ETF still needs to be approved by the S-1 Registration Statement, although this is usually just a formality.

Crypto Market Booms Thanks to ETFs

🔹 Demand for cryptocurrency ETFs is surging, especially after the SEC approved 11 Bitcoin ETFs last year. These funds have made it easier for traditional investors to access Bitcoin without directly owning the coin.

🔹 These ETFs have broken many records for investment flows, with BlackRock’s iShares Bitcoin Trust (#IBIT ) currently managing about $55 billion in assets.

🔹 Not just Bitcoin, the SEC has also approved 8 Ethereum ETFs, marking a significant advancement for crypto in the traditional financial system.

🚀 With the new administration of Donald Trump appointing Paul Atkins – a crypto-friendly thinker – as SEC chairman, many experts expect the market to continue welcoming new ETFs in the near future.

🔺 Bitcoin price has increased over 2% today, trading around $96,000, indicating investor optimism about the future of crypto ETFs.

👉 If the SEC approves the XRP and Litecoin ETFs, the market may witness a new wave of investment, pushing the value of these altcoins even higher! 🚀 #anhbacong