SEC Poised to Approve XRP and LTC Spot ETFs This Year with 95% Probability
FOX Business reporter Eleanor Terrett has revealed that Bloomberg ETF analysts James Seyffart and Eric Balchunas estimate a 95% likelihood of the U.S. SEC approving spot ETFs for XRP and Litecoin (LTC) in 2024. This follows growing institutional momentum for crypto ETFs, including the upcoming launch of a stakeable Solana ETF by REX-Osprey this Wednesday.
Key Takeaways:
Regulatory Shift: The SEC’s softening stance on crypto ETFs—after approving Bitcoin and Ethereum funds—suggests XRP and LTC could be next, given their regulatory clarity and market demand.
Market Impact: Approval could trigger institutional inflows into these assets, with XRP benefiting from its legal clarity post-SEC case and LTC as a proven payments-focused blockchain.
Broader Trend: The potential Solana staking ETF (first of its kind) and now XRP/LTC ETFs signal accelerating mainstream crypto adoption via regulated products.
Why It Matters
If approved, these ETFs would further legitimize altcoins as investment-grade assets, potentially reshaping portfolio strategies. Analysts warn, however, that SEC delays or political shifts could still pose risks—though current odds appear overwhelmingly favorable.