The potential approval of altcoin exchange-traded funds (ETFs) in the U.S. could have a major impact on cryptocurrency prices and provide greater investor access to digital assets. Bloomberg ETF analyst Eric Balchunas has predicted that altcoin ETFs for XRP, Litecoin (LTC), Hedera (HBAR), and Solana (SOL) are expected to gain approval in the near future.
In a post on X (formerly Twitter), Balchunas shared his expectations for the timeline of altcoin ETF approvals. He foresees that the first wave of these ETFs will likely feature Bitcoin (BTC) and Ether (ETH) combination ETFs, followed by the approval of Litecoin ETFs. As a fork of Bitcoin, Litecoin is classified as a commodity, which aligns it with Bitcoin’s status.
Balchunas also predicts that Hedera (HBAR) ETFs could debut due to the fact that HBAR is not classified as a security. On the other hand, XRP and Solana, which have been labeled as securities, could also see their ETFs approved in 2025.
Overall, the approval of these altcoin ETFs could pave the way for broader acceptance and investment in cryptocurrencies, with each altcoin ETF contributing to the expansion of the digital asset
market.
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