A popular Altcoin may be closer to XRP approved as a Stock Exchange Investment Fund (ETF) in the United States. Bloomberg analyst James Seyffart suggests that although Ripple managers are optimistic for the XRP ETF, regulatory barriers can delay the process: However, experienced analyst suggests that an Altcoin project can take a step forward for ETFs. Here are the details ..
This Altcoin ETF can get faster approval
A new wave of ETF is formed in the crypto currency market. Companies make ETF applications for Litecoin, Solana (Left) and Dogecoin (Doge), while the US entered a more crypto -friendly period under the Trump administration.
Last week, the asset management company Grayscale, the US Securities and Stock Exchange Commission (SEC) has applied for an official application to convert the XRP investment fund to an ETF. However, according to Bloomberg analyst Seyffart, the SEC is still considered XRP as a securities, which makes it difficult for the XRP ETF to get approval.
Obstacles in front of XRP
Ripple President Monica Long, Bitcoin (BTC) and Ethereum (ETH) ETFs after argues that the next ETF will be XRP, Seyffart does not agree. According to him, the fact that the SEC sees XRP as a securities and that Ripple is still in a legal struggle makes the process complicated. Seyffart said in a statement on the subject and said:
There is no such situation for an asset like Litecoin. SEC never classified Litecoin as a securities. That’s why I don’t surprise me that Litecoin gets approval before XRP.
Seyffart does not expect the XRP ETF to be approved soon. However, it is possible to realize an XRP ETF in 2025. On the other hand, the fact that Litecoin is far from legal risks can accelerate the SEC’s approval process and enable LTC to be in the first place. Crypto investors closely follow the decisions of the SEC in the coming months. Can Litecoin win ETF race in the crypto market? Or can XRP get approval faster than expected?
Popular altcoin How will Litecoin’s approval affect the market?
The approval of Litecoin ETF by the SEC may increase the interest of corporate investors’ interest in LTC. Following Bitcoin and Ethereum ETFs, the proliferation of reliable and regulated alternatives in the market can lead to a wider adoption of subcoins. This may also trigger a serious rise in Litecoin’s price.
On the other hand, the continuation of the legal process of XRP may weaken investors’ trust and cause capital to turn to less risky assets such as Litecoin. If Litecoin ETF is first approved, this development can change the general aspect of the market and start a new wave of investment in subcoins.
