Top ETF Expert Says Litecoin ETF Could Be Approved First, While XRP & Solana ETFs To Wait!
As the SEC prepares for a major leadership change, just three days after Gary Gensler steps down as SEC Chairman, all eyes are on the fate of crypto ETFs such as Litecoin, XRP, and Solana. Recently, Fox reporter Eleanor Terrett revealed that the Solana ETF is facing rejection, but Litecoin opportunities are soaring. It could be the first altcoin approved in 2025!
Solana ETF faces setbacks
According to Fox’s Eleanor Terrett, the Solana ETF had been on the radar of SEC staff, but they encountered a setback when 19b4 was rejected. This happened a few weeks ago, when Gary Gensler was still SEC Chairman.
Perhaps with Gary Gensler stepping down on January 20, the next SEC chairman may change the trajectory of these key decisions. How the new leadership handles the approval process for these highly anticipated assets will be a waiting game.
Litecoin expected to be first to receive ETF approval!
at the same time, Eric, senior ETF analyst at Bloomberg Balchunas stated that the SEC has responded to Litecoin’s S-1 application. However, this is a bigger sign of Litecoin gaining approval faster.
Despite Balciunas’ previous prediction, Litecoin could be the next coin With ETF approval, the prediction now looks increasingly likely. However, the start of the new SEC chairman’s term remains an important factor in the final decision.
Balchunas’ statement comes after Canary Capital filed an updated S-1 form on Wednesday, marking the first step in registering a Litecoin ETF with the SEC.
What’s next for XRP and Solana?
As for XRP and Solana, both are facing delays, but there is hope for their ETFs. A shift in SEC leadership could bring a new perspective to these filings.
If these ETFs are approved, it could bring more institutional interest and boost the overall cryptocurrency market. The next few weeks will be crucial in determining the future of the Solana, Litecoin, and XRP ETFs.
