Litecoin

Solana

Hedera

<ul>
 <li aria-level="1"><b>Bitcoin and Ethereum dual ETFs are expected to gain approval first, followed by Litecoin and Hedera ETFs.</b></li>
 <li aria-level="1"><b>Legal obstacles surrounding Solana and XRP delay their ETF approval, with ongoing SEC cases affecting their status.</b></li>
 <li aria-level="1"><b>Litecoin and Hedera ETFs face fewer regulatory hurdles, but market demand for these funds remains uncertain.</b></li>
</ul>
<p><span style="font-weight: 400;">Bloomberg analysts </span><b>Eric Balchunas</b><span style="font-weight: 400;"> and </span><b>James Seyffart</b><span style="font-weight: 400;"> have indicated that ETFs based on </span><b>Litecoin (LTC)</b><span style="font-weight: 400;"> and </span><b>Hedera (HBAR)</b><span style="font-weight: 400;"> are more likely to receive regulatory approval ahead of funds tied to </span><b>Solana (SOL)</b><span style="font-weight: 400;"> and </span><b>XRP</b><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">Their prediction stems from a thorough evaluation of the current landscape of </span><b>crypto ETF filings</b><span style="font-weight: 400;"> and the regulatory hurdles associated with specific digital assets.</span></p>
<p><span style="font-weight: 400;">According to the analysts, </span><b>Litecoin</b><span style="font-weight: 400;"> and </span><b>Hedera</b><span style="font-weight: 400;"> enjoy clearer </span><b>regulatory standing</b><span style="font-weight: 400;"> compared to Solana and XRP, which face ongoing legal scrutiny and ambiguous classification regarding their status as potential </span><b>securities</b><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">This relative regulatory clarity positions </span><b>LTC</b><span style="font-weight: 400;"> and </span><b>HBAR</b><span style="font-weight: 400;"> as stronger candidates for near-term approval by financial authorities.</span></p>
<p><span style="font-weight: 400;">Conversely, ETFs tied to </span><b>Solana</b><span style="font-weight: 400;"> and </span><b>XRP</b><span style="font-weight: 400;"> may encounter delays as regulators continue to assess the </span><b>legal frameworks</b><span style="font-weight: 400;"> and </span><b>compliance challenges</b><span style="font-weight: 400;"> surrounding these assets.</span></p>
<p><span style="font-weight: 400;"> Balchunas and Seyffart highlight the cautious approach regulators are adopting, prioritizing ETFs based on digital assets with well-established </span><b>track records</b><span style="font-weight: 400;"> and reduced legal uncertainties.</span></p>
<h2 id="span-style-font-weight-400-sequential-approval-of-crypto-etfs-span"><span style="font-weight: 400;">Sequential Approval Of Crypto ETFs</span></h2>
<p><span style="font-weight: 400;">The analysts forecast that the SEC will initially focus on granting approval to Bitcoin and Ethereum dual ETFs. </span></p>
<p><span style="font-weight: 400;">Firms such as Bitwise, Franklin Templeton, and Hashdex have submitted applications for these combination funds, which aim to provide investors with diversified exposure to the top two cryptocurrencies.</span></p>
<p><span style="font-weight: 400;">Bitcoin ETFs have already gained traction in the market, with total holdings surpassing the amount attributed to Bitcoin’s creator, Satoshi Nakamoto.</span></p>
<p><span style="font-weight: 400;">Once Bitcoin and Ethereum ETFs are approved, Balchunas and Seyffart anticipate the next wave will include Litecoin and Hedera ETFs. </span></p>
<h2 id="span-style-font-weight-400-challenges-facing-solana-and-xrp-etfs-span"><span style="font-weight: 400;">Challenges Facing Solana And XRP ETFs</span></h2>
<p><span style="font-weight: 400;">The analysts underscore legal and regulatory barriers as key factors delaying approval for Solana and XRP ETFs. XRP’s status remains uncertain due to the ongoing legal battle between Ripple Labs and the SEC, which centers on whether the token qualifies as a security under U.S. law. Solana faces similar ambiguities, further complicating its prospects for an </span><a href="https://www.ethnews.com/litecoin-etf-approval-very-soon-says-founder-amid-canary-capitals-filing/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">ETF launch</span></a><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">In contrast, Litecoin and Hedera have not been classified as securities by the SEC, positioning them for a smoother regulatory review. However, the analysts caution that even with a higher probability of approval, market demand for funds linked to these assets remains unclear.</span></p>
<h3 id="span-style-font-weight-400-limited-filings-for-litecoin-and-hedera-span"><span style="font-weight: 400;">Limited Filings For Litecoin And Hedera</span></h3>
<p><span style="font-weight: 400;">Currently, </span><a href="https://www.ethnews.com/canary-capital-files-s-1-for-litecoin-etf-just-days-after-xrp-etf-submission/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Canary Capital</span></a><span style="font-weight: 400;"> is the only issuer pursuing Litecoin and Hedera ETFs, signaling muted confidence in demand for these products. Meanwhile, applications for Solana and XRP ETFs have come from prominent firms like Grayscale, VanEck, and WisdomTree, reflecting broader interest despite the regulatory uncertainty surrounding these assets.</span></p>
<p><span style="font-weight: 400;">This projected sequence of </span><a href="https://www.ethnews.com/litecoin-etf-buzz-drives-surge-past-90-whats-next-for-ltc/" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">ETF approvals</span></a><span style="font-weight: 400;"> highlights the interplay between regulatory clarity, issuer strategy, and market readiness.</span></p>
<div class="flex-shrink-0 flex flex-col relative items-end">
 <div>
  <div class="pt-0">
   <div class="gizmo-shadow-stroke flex h-8 w-8 items-center justify-center overflow-hidden rounded-full">
    <div class="h-full w-full">
     <div class="gizmo-shadow-stroke overflow-hidden rounded-full">
      <div class="cryptoboxes" id="mcw-46919" data-realtime="on">
       <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="LTC" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
      </div>
     </div>
     <div></div>
    </div>
   </div>
  </div>
 </div>
</div>
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn">
 <div class="flex-col gap-1 md:gap-3">
  <div class="flex max-w-full flex-col flex-grow">
   <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="dc22e953-0398-4fa1-a0e1-e9f5d904887b" data-message-model-slug="gpt-4o">
    <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]">
     <div class="markdown prose w-full break-words dark:prose-invert light">
      <p><strong>Litecoin (LTC)</strong> is currently trading at <strong>$123.98</strong>, reflecting a <span style="color: #339966;"><strong>5.02%</strong></span> increase over the last session. Litecoin has shown strong momentum, gaining traction due to discussions around a potential ETF approval, as the SEC does not classify it as a security.</p>
      <p>Key resistance lies at <strong>$130</strong>, and a break above this level could pave the way for a move toward <strong>$150</strong> and <strong>$200</strong>.</p>
      <div class="cryptoboxes" id="mcw-46923" data-realtime="on">
       <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="HBAR" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
      </div>
      <p><strong>Hedera (HBAR)</strong> is currently priced at <strong>$0.2836</strong>, with a modest daily gain of <strong>0.21%</strong>. HBAR has experienced substantial growth over the past year, with an impressive <span style="color: #339966;"><strong>260.7%</strong></span> increase year-over-year. Resistance is observed at <strong>$0.29</strong>, and breaking above this level could drive the price toward <strong>$0.35</strong>.</p>
      <p>Recent bullish activity has been supported by integrations like <strong>Chainlink</strong> and network upgrades, adding utility to the platform. Meanwhile, strong support is present at <strong>$0.27</strong>, which will be essential for maintaining upward momentum.</p>
     </div>
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://www.ethnews.com/bloomberg-analysts-project-litecoin-and-hedera-etfs-to-lead-approval-process-over-solana-and-xrp/" rel="noopener noreferrer nofollow">Bloomberg Analysts Project Litecoin And Hedera ETFs To Lead Approval Process Over Solana And XRP</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Bloomberg Analysts Project Litecoin And Hedera ETFs To Lead Approval Process Over Solana And XRP

Table of Contents

ETHNews

Other articles published on Dec 17, 2024

Cardano Foundation clarifies position on ecosystem’s governance controversies

XRP and Cardano Debate Heats Up After Messari Co-founder’s “Bot Group” Comments

Google releases AI tool that creates images from other images

Justin Sun Withdraws 52,905 ETH Worth $209M from Lido Finance

ECM Coin Enhances E-Commerce with Blockchain Transparency and Androverse Integration

Web3 Gaming at Risk as CyberKongz Receives SEC Wells Notice

Join our free newsletter for daily crypto updates!