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Litecoin ETF Likely to Come Before XRP, Top ETF Expert Predicts
In a recent prediction, a leading ETF analyst has suggested that the U.S. Securities and Exchange Commission (SEC) might approve a Litecoin ETF before one for XRP. The expert’s forecast is based on their assessment of the legal issues surrounding each cryptocurrency.
According to Eric Balchunas, a top ETF expert, it seems unlikely that the SEC will approve an XRP ETF in the near future due to its complex legal issues. On the other hand, he believes Litecoin and Hedera have never been labeled securities by the SEC, which could potentially make their approval smoother.
Balchunas also highlights that even with the expected shift towards a more crypto-friendly SEC next year with Paul Atkins nominated to replace Gary Gensler, investor demand remains uncertain for recently filed ETF products. However, he believes Litecoin’s path to a spot ETF looks clearer than XRP’s.
It is worth noting that while this prediction has been made by a respected expert in the field, it does not necessarily guarantee an outcome. The SEC’s decisions on these matters are always subject to change based on various factors, including new information or unforeseen circumstances.
For now, investors will be keeping a close eye on any developments regarding Litecoin and XRP ETFs, as the possibility of their approval could have significant implications for the market.
Source: coinpedia.org
