Litecoin ETF: The 'laying win' path of the top student in the crypto world, while neighboring classmates SOL and XRP are still writing self-criticisms in the political education office.
Friends, in this day and age, if you're mingling in the crypto world, you should at least have some 'political awareness' or you’d be embarrassed to call yourself an old investor! If we want to know which altcoin ETF can pass the review? We must first present a 'letter of allegiance' to the esteemed members of the SEC (U.S. Securities and Exchange Commission) — Litecoin (LTC), this one is simply the model student in the crypto world, even Bloomberg analysts confidently say it has a 90% probability of passing, more stable than Dogecoin relying on Musk’s Twitter shout-outs!
Why? Because LTC has a very clean life history! It’s the little brother of Bitcoin, with a pure POW mechanism, never labeled a 'security' by the SEC, and hasn’t been summoned to court like SOL and XRP for tea every day. The SEC looks at this kid: 'Well-rooted, no dark history, pass! Unlike SOL, which just got slapped in the face by a rejection letter from former SEC chairman Gensler last year, for the reason of 'Why do you look so much like a security?'
Looking at XRP, although Ripple's CEO has crazily donated money to Trump in an attempt to 'redeem' themselves, the SEC's lawsuit has dragged on for four years, longer than Game of Thrones, and is still playing out like 'Court Drama Season 8'. Even if there are enough XRP ETF applicants to form a soccer team, the SEC might still retort: 'The case isn't closed, wait in line first!'
As for SOL? Don’t be fooled by its title of 'Ethereum killer', the SEC doesn't care if it's a killer or a 'kawaii character', as long as it has the word 'security' in it, the approval process can drag on until Trump leaves office (provided he doesn’t get re-elected). VanEck submitted the SOL ETF application last June, and the SEC has dragged it out until March this year, still playing the 'postponement game', turning the approval cycle into something longer than Bitcoin's halving cycle!
The worst is DOGE, although Musk talks about Dogecoin going to the moon every day, the SEC might think: 'This thing even has its founder running away, the code relies entirely on Ctrl+C, wouldn’t approving the ETF make us look bad?' So DOGE's 75% approval rate is likely based on Musk's rocket emoji.
In short, LTC ETF can win passively, all thanks to its peers! After all, in the eyes of the SEC, other coins are either 'problematic youths' or 'air coins internet celebrities', while LTC is like a top student who submits homework on time. Although its market cap is only a fraction of Bitcoin, it can't be ignored that it is politically correct! Furthermore, the newly nominated SEC chairman by Trump hasn’t taken office yet, and the approval delay tactics are comparable to constipation. At this time, if we don't bet on the 'top student', should we gamble on SOL and XRP's 'court miracles'?
If the LTC ETF really passes, I suggest the crypto community collectively send a banner to the SEC, saying: 'Thank you for letting go of the only honest person in the crypto world.'
