Bloomberg Analysts Predict Litecoin, Hedera ETFs To Come Before Solana, XRP ETFs

Litecoin and Hedera ETFs may hit the market before Solana and XRP funds, as predicted by Bloomberg analysts Eric Balchunas and James Seyffart.

Bloomberg analysts Eric Balchunas and James Seyffart have predicted that Litecoin and Hedera ETFs could hit the market before Solana and XRP funds.

In their analysis of the crypto ETF landscape, they suggest a phased rollout, beginning with Bitcoin-Ethereum combination ETFs, which have already seen substantial success.

As reported by CNF in Bloomberg Analyst Weighs In, the timing of approval for SOL, XRP, LTC, and HBAR ETFs is a key focus.

Firms like Bitwise, Franklin Templeton, and Hashdex are leading these filings, and Bitcoin ETFs have now surpassed Satoshi Nakもと’s BTC holdings in size, as confirmed by John Morgan in a tweet.

Bloomberg Analysts Predict Litecoin, Hedera ETFs To Come Before Solana, XRP ETFs

According to the Bloomberg analysts, once these dual ETFs gain traction, Litecoin and Hedera will follow, as their approval is expected to face fewer regulatory complications compared to Solana and XRP.

Highlighting the challenges faced by Solana and XRP, the analysts note that unresolved legal issues, such as the SEC’s classification of XRP as a security in the ongoing Ripple lawsuit, present major obstacles.

Moreover, the SEC's暧昧stance on Solana and similar tokens compounds these challenges.

Bloomberg's team argues that these challenges may delay approvals until a new SEC administration takes over. While crypto advocates are optimistic about XRP's ETF prospects, the analysts are less confident about its immediate chances, given the complexities surrounding its legal status.

Demand uncertainty

Even though Litecoin and Hedera ETFs face fewer obstacles, their market demand is uncertain. Canary Capital is the only asset manager currently filing for these ETFs, indicating limited interest from issuers.

In contrast, XRP and Solana ETFs have attracted multiple filings from major players like Grayscale, Bitwise, and 21Shares.

Despite the easier regulatory path for Litecoin and Hedera, their success will depend on investor appetite. The coming year will reveal whether the market is ready to embrace these funds or if other cryptocurrencies will take the spotlight.

Meanwhile, CoinMarketCap data shows that Litecoin (LTC) is trading at $122.41, surging by 4.95% in the past day and 10.69% in the past week.