#AltcoinETFsPostponed The approval of altcoin exchange-traded funds (ETFs) in the USA could significantly impact cryptocurrency prices by expanding investors' access to digital assets. Bloomberg ETF analyst Eric Balchunas predicts that altcoin ETFs for XRP, Litecoin (LTC), Hedera (HBAR), and Solana (SOL) are likely to receive approval soon.

In a post on X (formerly Twitter), Balchunas emphasized that the initial wave of altcoin ETFs may include combined ETFs for Bitcoin (BTC) and Ethereum (ETH), followed by Litecoin ETFs. As a fork of Bitcoin, Litecoin qualifies as a commodity, similar to the leading cryptocurrency.

HBAR and Solana ETFs may follow Litecoin's lead.

Balchunas also predicts that HBAR ETFs could enter the market, as Hedera is not classified as a security. Moreover, altcoins like XRP and SOL, despite being labeled as securities in ongoing lawsuits against major crypto firms, may still receive ETF approval.

According to SoSoValue data, spot BTC ETFs in the USA have accumulated $36.73 billion in net assets, while spot ETH ETFs have attracted $2.46 billion since their inception earlier this year. A similar influx into altcoin ETFs could potentially lead to altcoin growth.