news 
Litecoin ETF Likely to Come Before XRP, Top ETF Expert Predicts
In a recent development that may send shockwaves through the cryptocurrency market, a leading ETF (Exchange-Traded Fund) expert has predicted that a Litecoin ETF is more likely to be approved by the U.S. Securities and Exchange Commission (SEC) before one for XRP.
Eric Balchunas, a renowned ETF analyst, made this prediction citing several reasons. According to him, it’s unlikely that the SEC will approve an XRP ETF anytime soon due to the complex legal issues surrounding the cryptocurrency. This, he claims, makes Litecoin’s path to approval smoother.
It is worth noting that neither Litecoin nor Hedera (HBAR) has ever been labeled as a security by the SEC, which could simplify their approval process for ETFs. On the other hand, XRP’s legal troubles have raised significant concerns among investors and regulatory bodies alike, making it difficult for any potential ETF product to get approved.
Balchunas also emphasizes that even with the expected shift towards a more crypto-friendly SEC in the coming year under Paul Atkins’ leadership, investor demand remains uncertain for newly filed ETF products. As such, the probability of an XRP ETF approval is still highly uncertain and dependent on several factors including regulatory clarity and market sentiment.
The Litecoin community has reacted positively to these predictions, as many investors are eager to gain exposure to this popular cryptocurrency through a regulated financial product like an ETF. This development could potentially boost Litecoin’s price and popularity in the short-term.
It remains to be seen how XRP will react to these predictions, but one thing is certain – the crypto market is always volatile, and any news can have significant implications on asset prices.
Source: [Original Source]
Source: coinpedia.org
