Litecoin ETF Likely to Succeed More Than Solana or XRP

Bloomberg experts Eric Balchunas and James Seyffart believe that a Litecoin ETF is more likely to be approved by the SEC than a Solana or XRP ETF. They argue that Litecoin, as a fork of Bitcoin and considered a commodity, could be approved under the same principles as a Bitcoin ETF. In contrast, Solana and XRP are facing lawsuits over their classification as securities, making it difficult to approve an ETF. Additionally, the election of President Trump and the resignation of SEC Chairman Gary Gensler are expected to create a more favorable environment for the approval of cryptocurrency ETFs in general, including Litecoin. However, the success of a Litecoin ETF also depends on investor demand. Canary Capital is currently the only entity to have filed a Litecoin ETF application, and although there are many other altcoin ETF applications awaiting approval, Litecoin is still considered to have a higher chance of being approved soon than Solana and XRP.