Will Litecoin Lead the Next Wave of Altcoin ETFs?

The landscape for cryptocurrency ETFs is evolving as the SEC, under new leadership, adopts a more open stance.

With Bitcoin and Ethereum ETFs already approved, interest is now turning to altcoins, sparking a wave of applications. Analysts believe Litecoin (LTC) has the best shot at approval, surpassing other contenders like Solana (SOL), XRP, and Dogecoin (DOGE).

A report from Bloomberg’s Eric Balchunas and James Seyffart outlined their projections for potential approvals. They estimate Litecoin has a 90% chance of getting the green light by early 2025, while Solana, XRP, and Dogecoin face slightly lower probabilities, with expected decisions later in the year.

Balchunas recently noted that the SEC’s willingness to consider XRP ETFs is a major shift, suggesting that some altcoins may no longer be classified as securities. This could impact ongoing legal battles and reshape regulatory attitudes toward the sector.

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While optimism is growing, uncertainty remains. Balchunas pointed out that Dogecoin and Cardano could follow XRP’s path, but approval is far from guaranteed. Litecoin, however, stands apart due to its similarities to Bitcoin, making it the most likely to gain SEC approval in 2025.

As for Solana and XRP, the road ahead is less clear, but with the SEC now reviewing applications, more developments are expected in the coming months.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.