• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Approval of Litecoin ETFs Likely Before XRP and Solana

user avatar

by Giorgi Kostiuk

a year ago

The SEC is considering the approval of a Litecoin-based ETF, while XRP and Solana face legal hurdles.

Priority for Litecoin ETFs

Eric Balchunas, a renowned ETF analyst, has suggested that the SEC might prioritize approving a Litecoin ETF due to its less contentious legal status compared to XRP.

Challenges for XRP and Solana ETFs

Earlier this month, the SEC reportedly informed two issuers of its intent to reject filings for spot Solana ETFs, indicating cautiousness towards cryptocurrencies considered as securities, including XRP and Solana.

Changes in SEC Leadership

The SEC is expected to adopt a more crypto-friendly approach next year as Paul Atkins is set to replace current Chair Gary Gensler. However, this shift does not guarantee immediate approval for XRP or Solana ETFs.

The first wave of cryptocurrency ETFs is likely to focus on Bitcoin and Ethereum, with Litecoin and Hedera possibly following due to simpler regulatory considerations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Anthropic Implements ID Verification for Claude Users

chest

Anthropic has implemented identity verification requirements for users of its AI model, Claude, mandating government-issued photo IDs and live selfies for certain functionalities.

user avatarSatoshi Nakamura

Kevin Warsh's Financial Disclosure Raises Questions Amid Fed Nomination

chest

Kevin Warsh, nominated by US President Donald Trump to replace Jerome Powell as Federal Reserve Chair, filed a financial disclosure revealing over $100 million in investments in crypto and AI companies, raising concerns about potential conflicts of interest.

user avatarJesper Sørensen

Regulatory Bodies in American Finance Operating with Limited Staff

chest

The SEC and CFTC are currently operating with minimal personnel, which may impact the regulatory landscape for digital assets.

user avatarRajesh Kumar

Analysts Warn of Potential Bear Market Despite Price Rebound

chest

Crypto analysts warn that a bear market bottom has likely not formed, despite recent price rebounds in Bitcoin, Ethereum, and Dogecoin.

user avatarLucas Weissmann

US-Iran War Continues to Impact Cryptocurrency Prices

chest

The ongoing US-Iran war is causing significant volatility in the cryptocurrency market, particularly affecting Bitcoin, Ethereum, and Dogecoin prices.

user avatarFilippo Romano

Sterling Crispin Unveils Prediction Market Bot

chest

Engineer Sterling Crispin has launched a prediction market bot that automatically purchases 'No' on every nonsports market found on Polymarket.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.