According to Wu, Bloomberg ETF analyst James Seyffart stated that the approval of the Solana and XRP ETFs by the U.S. Securities and Exchange Commission (SEC) has been postponed and will be reconsidered only after the new SEC management takes office, with related legal issues still needing resolution. The approval prospects for Litecoin and HBAR ETFs are relatively good, as Litecoin is viewed as a Bitcoin fork and has not been classified as a security by the SEC. Currently, Canary is the only issuer that has submitted applications for Litecoin and HBAR ETFs, but investor demand remains unclear. Additionally, Bloomberg ETF analyst Eric Balchunas indicated that a wave of cryptocurrency ETFs is expected to emerge next year, starting with a BTC + ETH combination ETF, followed by Litecoin, then HBAR, and finally XRP/Solana.

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