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According to Bloomberg analysts Eric Balchunas and James Seyffart, it is unlikely that the Ethereum-based cryptocurrency, Solana, and Ripple’s native cryptocurrency, XRP, will be approved before Litecoin and Hedera ETFs. This prediction stems from the fact that these two cryptocurrencies face significant regulatory hurdles.
In contrast, Litecoin and Hedera are expected to hit the market sooner due to fewer regulatory obstacles. The analysts believe that this is a result of a phased rollout strategy involving Bitcoin-Ethereum combination ETFs which have already shown remarkable success.
The timing of approval for SOL, XRP, LTC, and HBAR ETFs remains an important topic. Firms such as Bitwise, Franklin Templeton, and Hashdex are leading these filings, with Bitcoin ETFs having recently surpassed Satoshi Nakamoto’s BTC holdings in size.
The analysts’ views on the crypto ETF landscape predict a phased rollout starting with dual Bitcoin-Ethereum ETFs.
Source: www.crypto-news-flash.com
