Bloomberg ETF analyst James Balchunas predicts that the SEC will approve a Litecoin ETF before an XRP ETF. He cites the ongoing legal issues surrounding XRP and Solana as a hurdle for their ETF applications.
The SEC is likely to approve a Litecoin ETF before an XRP ETF , according to Bloomberg ETF analyst James Balchunas. The SEC has reportedly notified at least two of the five prospective issuers of spot Solana ETFs that it intends to reject their filings. Both XRP and Solana have faced 'complex legal issues,' which need to be resolved before the SEC will be able to approve spot ETFs.
Litecoin and Hedera have never been called a security by the SEC, making their path to a spot ETF less complicated. However, Balchunas has cautioned that it is unclear whether there is enough investor demand for the ETF products that were recently filed by Canary Capital
SEC Litecoin ETF XRP ETF Solana Cryptocurrency Regulations
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple's XRP quest for $1.96 strengthened by WisdomTree XRP ETF registration in the USRipple's XRP surged over 7% on Monday and aims to stage a rally toward its April 2021 high after WisdomTree registered for an XRP ETF in the US state of Delaware on Monday.
Read more »
XRP Price News: Ripple to Invest in XRP ETF as Rally Marred by Profit TakingHigh profit-taking combined with an MVRV ratio suggesting overvaluation could lead to a market correction.
Read more »
XRP Sees Record-Breaking $95 Million in Fund Flows as XRP ETF Hype SurgesXRP sees explosive 690% surge in fund inflows as XRP ETF hype soars
Read more »
Litecoin Price Forecast: Whales invest $950M in 73-day buying spree amid LTC ETF approval rumoursLitecoin price hit $87.90 on Tuesday, down 17% from the recent high of $106 recorded on November 23.
Read more »
XRP Scores New ETF Filing as Price Remains in GreenXRP continues to outperform the broader crypto market amid the ETF hype
Read more »
BlackRock Sets XRP ETF Aside, Here's What's HappeningRecently shared data says BlackRock intends to focus on its other products
Read more »