PANews November 26 news, according to Coingape reports, Bloomberg analyst James Seyffart outlined the possible timeline for the approval of Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) ETFs. As discussions deepen among U.S. regulators, Seyffart predicts that decisions on these altcoin ETFs may extend until the end of 2025, depending on various factors. The current altcoin ETF environment remains somewhat unclear due to previous decisions made by the U.S. Securities and Exchange Commission (SEC). The approval of Bitcoin and Ethereum ETFs was primarily because they are linked to the futures market regulated by the Chicago Mercantile Exchange (CME). However, many altcoins, including SOL and XRP, do not have a regulated futures market, which could slow down the ETF approval process.
Seyffart stated: "Due to the lack of a substantial regulated market, the SEC has historically rejected altcoin ETF applications. The new leadership at the SEC in 2025 may change these guidelines, but the timeline for approval remains unclear." Seyffart also noted that although companies like WisdomTree and 21Shares have recently applied for XRP ETFs, current regulations do not allow for their listing. Some issues that need to be addressed before such products can be listed include market manipulation, custody, and compliance issues.
