ETF analysts Eric Balchunas and James Seyffart suggested that ETF approval for the two altcoins could come faster than for Solana (SOL) or XRP. They also noted that approval for a BTC and ETH combination ETF is also quite imminent.
Referring to the specific analysis of his colleague Seyffart, Balchunas said in a statement on social media:
“We expect a wave of crypto ETFs next year, but not all at once. BTC and ETH combination ETFs will be the first to get approval. Then altcoins like Litecoin and Hedera will come to the fore.”
Analysts have highlighted that Litecoin is a fork of Bitcoin and therefore could qualify for commodity status. Since Bitcoin is classified as a commodity by the SEC, similar logic could apply to Litecoin. This strengthens the possibility of Litecoin receiving ETF approval.
$SOL
Seyffart recalled that the Solana ETF applications were rejected outright by the SEC in December, indicating that new applications should wait until the Trump administration takes over. He noted the possibility that Trump will take a more crypto-friendly approach to the SEC. However, it is still unclear when the applications will be considered.
In contrast, Hashdex’s Bitcoin and Ethereum ETF combination is another product awaiting approval. This product seems more likely as there are existing ETF approvals for both assets. According to analysts, the Litecoin ETF has been notable for its strong performance in the market. Litecoin has performed well in the recent bull market, with the LTC price increasing by 8% following the ETF news. This move shows that investors are showing increasing interest in Litecoin.
On the other hand, Canary Capital is the only company to have applied for an ETF for Litecoin and Hedera so far. This raises some questions about whether there is enough demand in the market. However, if approved, Litecoin is expected to attract more investor interest.
$HBAR
Analysts say Hedera is also among the crypto assets that will receive ETF approval. Hedera (HBAR) is not classified as a “security” by the SEC, so the approval process could go more smoothly, which is a big advantage for HBAR.
Hedera’s technical infrastructure and decentralized solutions could be of particular interest to institutional investors. If it receives ETF approval, HBAR’s price and market value could increase significantly.
As a result, according to analysts' estimates, there may be developments that will open the door to a new era in the ETF world. Litecoin and Hedera are the altcoins that stand out in this process, while Solana and XRP are likely to have to wait a while longer to receive approval. Markets are closely watching the new decisions to be made by the SEC.