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“Litecoin, Hedera ETFs May Arrive Before Solana and XRP, Say Bloomberg Analysts”
As the regulatory environment surrounding cryptocurrency-based exchange-traded funds (ETFs) becomes increasingly clearer, market participants are left wondering when and if these products will become a reality. While there is still uncertainty surrounding the demand for Litecoin and Hedera ETFs, their legal status appears to be gaining traction.
Canary Capital is currently the only applicant seeking approval for these ETFs, which implies that the interest from issuers may be limited. On the other hand, XRP and Solana ETFs have attracted multiple applications from prominent players like Grayscale, Bitwise, and 21Shares.
Despite the simpler regulatory pathway for Litecoin and Hedera, their success will ultimately depend on investor appetite. It remains to be seen whether the market is prepared to welcome these new ETFs or if other cryptocurrencies will take center stage instead.
In related news, data from CoinMarketCap shows that Litecoin’s price has risen by 4.95% over the past 24 hours and 10.69% within the last week, with its current value at $122.41 USD.
It is essential to note that this article is intended for informational purposes only and should not be considered as investment advice. Readers are advised to conduct their own research and consult financial experts before making any investment decisions.
Source: http://www.crypto-news-flash.com
