
Title: Litecoin ETF Might Happen Before XRP ETF, Expert Says
Summary:
A prominent crypto expert has suggested that a Litecoin (LTC) exchange-traded fund (ETF) could potentially be approved before an XRP ETF. This is because neither Litecoin nor Hedera (HBAR) have ever been labeled as securities by the Securities and Exchange Commission (SEC), making their path to a spot ETF less complicated.
In an interview, Balchunas emphasized that while the SEC might become more crypto-friendly under new Chair Paul Atkins, it does not necessarily mean that XRP ETFs will be approved shortly after his term begins. He highlighted that both XRP and Solana have faced complex legal issues that need to be resolved before the agency can approve spot ETFs.
It is essential to note that Litecoin ETF might happen before XRP ETF because there are no regulatory hurdles to overcome.
Source: u.today