
Litecoin (LTC) ETF Might Happen Before XRP ETF, Expert Says
The possibility of a Litecoin ETF coming to market before an XRP ETF has been raised by analyst Dave Balchunas. In a recent interview with CryptoComes, he mentioned that while it’s difficult to predict the timing of regulatory approval for any specific cryptocurrency ETF, there are some factors at play that could make a Litecoin ETF more likely.
Balchunas pointed out that Litecoin and Hedera (HBAR) have never been called a security by the SEC, which simplifies their path to a spot ETF. This means that the only thing holding them back is the need for additional information from the applicant, as well as any ongoing legal issues being resolved.
In contrast, XRP has faced “complex legal issues” in the past, which would make it more difficult for an ETF to be approved without further clarification or guidance from the SEC. According to Balchunas, this does not necessarily mean that a Litecoin ETF will happen before an XRP ETF, but it could potentially happen at the same time.
It’s also worth noting that recent changes in the US Securities and Exchange Commission (SEC) leadership, including Gary Gensler taking over as chairman, may bring about new regulatory approaches. This change does not necessarily mean that XRP ETFs will be approved shortly after Gary Gensler starts his term, according to Balchunas.
However, neither Litecoin nor Hedera has faced the same level of scrutiny as XRP and Solana have in the past, which means that these cryptocurrencies might find it easier to get their spot ETF approved by the SEC.
Source: u.today