According to reports from Wu, Bloomberg ETF analyst James Seyffart mentioned that the approval of the Solana and XRP ETFs by the SEC has been delayed and will only be reconsidered after the new SEC management takes office, and legal issues need to be resolved.
The approval prospects for Litecoin and HBAR ETFs are relatively good, as Litecoin is seen 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.
Bloomberg ETF analyst Eric Balchunas stated that a wave of cryptocurrency ETFs is expected next year, starting with a BTC + ETH combination ETF, followed by Litecoin, HBAR, and finally XRP/Solana.
