• 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

Kraken to Introduce CFTC-Regulated Perpetual Futures for US Traders.

chest

Kraken is set to introduce CFTC-regulated perpetual futures for eligible US professional traders through its acquisition of Bitnomial.

user avatarMiguel Rodriguez

Kraken Expands Crypto Trading with Pre-IPO Futures for AI Companies

chest

Kraken has launched new perpetual futures contracts for private AI companies OpenAI and Anthropic, allowing traders to gain synthetic exposure before they go public.

user avatarLuis Flores

Ethereum Faces Potential Third Consecutive Negative Quarter

chest

Ethereum is on track for a third consecutive negative quarter, raising concerns among traders despite strong staking signals.

user avatarArif Mukhtar

Glassnode Tracks Seller Exhaustion Constant for Market Insights

chest

Glassnode tracks the Seller Exhaustion Constant to analyze market trends and provide insights into seller behavior and market dynamics.

user avatarMaria Gutierrez

Gate Expands USDT Utility with Access to Hong Kong Stocks

chest

Gate has launched a new feature allowing users to access Hong Kong-listed stocks through USDT-powered accounts.

user avatarDavid Robinson

Uniswap's UNI Token Set for Massive Growth, Predicts Standard Chartered

chest

Standard Chartered's Geoff Kendrick predicts significant growth for Uniswap's native token, UNI, forecasting a price target of $100 by 2030 as Wall Street transitions to on-chain investments.

user avatarAndrew Smith

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.