A Bloomberg ETF expert predicts that the SEC might approve a Litecoin ETF before an XRP ETF due to regulatory uncertainty surrounding XRP. The SEC has recently indicated it won't approve spot-based Solana ETFs in the near future, despite existing altcoin-based ETPs in Europe.
The ETF offers exposure to the sixth-biggest cryptocurrency, which boasts a market cap of $103 billion. Litecoin ETF Might Happen Before XRP ETF , Expert Says. have filed to launch spot-based Solana ETFs in the U.S. However, the SEC recently indicated that it was not going to approve these products in the near future.
Eric Balchuns, Bloomberg's leading ETF expert, recently predicted that the SEC might end up approving a Litecoin ETF a Solana ETF due to the fact that there is still regulatory uncertainty surrounding the token. SOL was named by the SEC among unregistered securities in the SEC's lawsuits against Binance and Coinbase. While it is not clear when the SEC will approve ETFs tied to more arcane cryptocurrencies like Solana, altcoin-based ETP products have been around in Europe for years. leading European ETP issuer ETC Group, which managed to list a Bitcoi ETP on the Deutsche Börse all the way back in 2020. Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]
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