Bloomberg Analyst Forecasts Litecoin and Solana ETF Timelines Amid Regulatory Challenges
by aria-crypto.com
December 29, 2024 at 14:20
Bloomberg Analyst Forecasts Litecoin and Solana ETF Timelines Amid Regulatory Challenges
In a recent Bloomberg newsletter, Senior ETF Analyst Eric Balchunas predicted a significant release of cryptocurrency ETFs by 2025, influenced by evolving SEC regulations and market dynamics.
Balchunas suggested that Bitcoin and Ethereum combo ETFs are expected to launch first, followed by possibly Litecoin, given its classification as a commodity derived from its status as a Bitcoin fork.
Subsequently, ETFs for Hedera Hashgraph, which is not considered a security, might enter the market, while XRP and Solana-based ETFs face delays due to ongoing legal classifications as securities.
The SEC's active lawsuits label XRP and Solana as unregistered securities, complicating their respective paths to ETF approval.
Despite the legal hurdles for XRP and Solana, Balchunas outlined fewer challenges for Litecoin ETF filings due to its commodity status.
The analyst also hinted at developments in more unconventional ETFs, including potential filings for a Dogecoin ETF by year's end.
However, under current SEC leadership, broader advancements in crypto ETFs appear stagnated, with significant shifts not expected until potential agency leadership changes in 2025.
The SEC's recent actions included rejecting multiple applications for Solana ETFs, reinforcing the cautious approach toward tokens under legal scrutiny.
This scenario hints at a dynamically shifting landscape for crypto ETFs, where legal designations significantly impact the timing and feasibility of upcoming funds.
Investors and market watchers remain keenly observant of these developments, which signal both opportunities and challenges in the evolving crypto investment space.
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