Bloomberg Analysts Predict Litecoin and Hedera ETF Approval Before Solana and XRP

user avatar

by Giorgi Kostiuk

2 years ago

Bloomberg analysts Eric Balchunas and James Seyffart anticipate Litecoin and Hedera ETFs to be approved before Solana and XRP, citing various legal factors.

Anticipating Litecoin and Hedera ETF Approvals

Eric Balchunas noted in a post on the X platform that his team expects Litecoin and Hedera ETFs to be approved prior to Solana and XRP. He mentioned a potential wave of cryptocurrency ETFs in the coming year, although these approvals may not occur simultaneously.

Legal Challenges and Expectations

James Seyffart explained that the approval of Solana and XRP ETFs requires addressing complex legal issues surrounding their security status, which must be tackled by the new SEC leadership. Regarding XRP, the ongoing litigation between Ripple and the SEC remains unresolved, reducing the likelihood of Solana and XRP ETF approvals.

Market Dynamics and ETF Interest

Despite the higher likelihood of Litecoin and Hedera ETF approvals, analysts emphasized that demand for these funds will be decisive. The overall dynamics of the cryptocurrency ETF market are varied, and legal hurdles could significantly impact the approval processes.

Bloomberg analysts predict that Litecoin and Hedera ETFs may receive approval faster than Solana and XRP, due to the absence of legal issues. However, demand for these products will remain a crucial factor.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

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.