While the crypto community awaits altcoin ETF approvals in 2025, some assets are thought to have a chance of approval earlier. 🌟 Bloomberg analyst Eric Balchunas said that US regulators could approve Litecoin (LTC) and Hedera (HBAR) ETFs before Ripple (XRP) and Solana (SOL).
Balchunas said that Bitcoin (BTC) and Ether (ETH) ETFs will be the priority because these cryptocurrencies already have large spot ETF markets. Since LTC and HBAR are not classified as securities by the SEC, these two cryptocurrencies could see ETFs sooner.
On the other hand, XRP ETFs are considered a distant possibility due to the ongoing lawsuit between Ripple Labs and the SEC. Solana ETF applications were also rejected because SOL is also classified as a security. 📉