市场分析师表示，莱特币和 Hedera ETF 可能会先于 XRP ETF 获得批准

市场分析师认为，随着加密货币社区为 2025 年山寨币交易所交易基金 (ETF) 的批准或拒绝做准备，某些资产比其他资产更有可能更快获得批准。

Several assets may have a higher chance of being approved sooner than others as the cryptocurrency community awaits the 2025 approval or rejection of altcoin exchange-traded funds (ETFs).

由于加密货币社区正在等待 2025 年山寨币交易所交易基金 (ETF) 的批准或拒绝，因此某些资产可能比其他资产更早获得批准。

Before enabling issuers to introduce comparable products for Ripple (XRP) and Solana (SOL), US regulatory bodies could approve Litecoin (LTC) and Hedera (HBAR) ETFs, Bloomberg analyst Eric Balchunas recently tweeted.

彭博社分析师 Eric Balchunas 最近在推特上表示，在发行人推出 Ripple (XRP) 和 Solana (SOL) 类似产品之前，美国监管机构可能会批准 Litecoin (LTC) 和 Hedera (HBAR) ETF。

According to Balchunas, combo ETFs for Bitcoin (BTC) and ether (ETH) will likely hit the market first. These cryptocurrencies’ spot ETF markets have seen cumulative inflows in the billions.

Balchunas 表示，比特币 (BTC) 和以太币 (ETH) 的组合 ETF 可能会首先上市。这些加密货币的现货 ETF 市场已累计流入数十亿美元。

LTC is the second cryptocurrency with a higher chance of getting ETFs as it was created as a Bitcoin network fork. Over the years, the US Securities and Exchange Commission (SEC) has classified many altcoins as securities and decided that the relevant laws govern them. However, LTC is not included in this category.

LTC 是第二种更有机会获得 ETF 的加密货币，因为它是作为比特币网络分叉而创建的。多年来，美国证券交易委员会（SEC）已将许多山寨币归类为证券，并决定受相关法律管辖。然而，LTC 不包括在这一类别中。

In the multiple cases that the SEC has filed against cryptocurrency companies over the years, HBAR has managed to avoid being classified as a security. Since LTC and HBAR are not securities and the SEC is not engaged in any ongoing legal disputes with cryptocurrency companies over their status as a security, the SEC is likely to view them as commodities.

在 SEC 多年来针对加密货币公司提起的多起案件中，HBAR 成功避免被归类为证券。由于 LTC 和 HBAR 不是证券，并且 SEC 没有就其作为证券的地位与加密货币公司发生任何持续的法律纠纷，因此 SEC 可能将它们视为商品。

XRP ETFs seem unlikely because of a pending lawsuit between the SEC and the company that created the XRP Ledger, Ripple Labs. Since 2020, the status of XRP as a security has been at the heart of a legal battle between Ripple and the SEC.

由于 SEC 和创建 XRP Ledger 的公司 Ripple Labs 之间的诉讼悬而未决，XRP ETF 似乎不太可能出现。自 2020 年以来，XRP 作为证券的地位一直是 Ripple 与 SEC 之间法律斗争的核心。

Once the complex legal issues surrounding the coin are resolved, XRP ETFs will be up for grabs, another Bloomberg analyst, James Seyffart, noted, even though a judge decided last year that XRP can only be classified as a security when sold to institutional investors.

另一位彭博分析师 James Seyffart 指出，一旦围绕该代币的复杂法律问题得到解决，XRP ETF 将可供争夺，尽管法官去年裁定 XRP 只能在出售给机构投资者时被归类为证券。

This is slated to happen in 2025 when the new SEC administration takes over. The recent rejection of a few Solana ETF applications was linked to the coin’s designation as a security.

这预计将在 2025 年新 SEC 政府上任时发生。最近一些 Solana ETF 申请被拒绝与该代币被指定为证券有关。