Why LTC and HBAR Crypto ETFs Could Debut Before SOL and XRP – Analysts Explain

• Bloomberg analysts predicted that Litecoin and Hedera ETFs may launch earlier than Solana and XRP.
• Delays in Solana and XRP ETFs spotlight regulatory challenges and the impression of upcoming SEC management adjustments.

In a stunning improvement, Bloomberg ETF analysts together with Eric Balchunas and James Seyffart have predicted that Litecoin [LTC] and Hedera [HBAR] ETFs may launch earlier than Solana [SOL] and Ripple’s XRP ETFs.

Their insights are based mostly on Litecoin’s rising classification as a commodity and Hedera’s standing as a non-security product. Each contribute to a extra favorable regulatory surroundings.

Bloomberg analysts shine the sunshine

On the way in which to X [formerly Twitter]Balchunas referred to Seyffart’s view, to report,

“We count on a wave of cryptocurrency ETFs subsequent yr, though not unexpectedly.”

He additional make clear the doable timeline for approval of cryptocurrency ETFs.

The analyst emphasised that Bitcoin [BTC] and ether [ETH] combo ETFs are prone to be authorized first as a consequence of their classification as commodities.

This aligns with the broader regulatory perspective that believes these main cryptocurrencies are much less prone to face stringent safety issues in comparison with newer or extra controversial belongings.

Balchunas added,

“First will most likely be the btc + eth combo ETFs, then most likely Litecoin (bc the fork of btc = commodity), then HBAR (bc not labeled as a safety) after which XRP/Solana (which have been labeled as securities in ongoing lawsuits). ”

What’s extra?

That being stated, in his prospects, Seyffart additionally drew consideration to the SEC’s Dec. 7 rejection of a number of Solana ETFs.

He emphasised that beneath the incoming management of SEC Chairman-elect Donald Trump, each ETFs would require additional consideration earlier than being significantly evaluated.

This alerts a doable shift in how these belongings are handled in regulatory discussions as soon as a brand new chairman takes over.

In response to the difficulty, Litecoin replied,

“Eventually individuals will understand that I’m THE digital silver for the world. There’s sufficient of this sort of stuff happening already.”

For individuals who do not know, XRP and SOL are labeled as securities by the SEC. Moreover, Ripple has been embroiled in a prolonged authorized battle over the standing of XRP.

Whereas analysts level to greater approval odds for HBAR and LTC, uncertainty stays about investor demand.

Given all this, many crypto specialists count on the SEC to take a extra supportive stance towards crypto belongings beneath the Trump administration.

How will Trump’s rule change the crypto panorama?

Nevertheless, issues nonetheless appear optimistic for SOL and XRP ETFs. Canary Capital’s latest submitting for a US spot XRP ETF highlights the rising curiosity in cryptocurrency ETFs.

This follows Bitwise’s comparable submitting and a rising wave of firms, together with VanEck and Grayscale Investments, submitting for Solana ETFs.

Nevertheless, latest stories point out that SOL ETFs could also be rejected as a consequence of issues in regards to the classification of their belongings as securities.

Due to this fact, the uncertainty surrounding Solana’s standing, coupled with SEC scrutiny, has created uncertainty in regards to the approval of Solana ETFs this yr.