{"id":148497,"date":"2025-02-03T14:00:08","date_gmt":"2025-02-03T12:00:08","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148497"},"modified":"2025-02-03T12:29:31","modified_gmt":"2025-02-03T10:29:31","slug":"litecoin-etf-likely-to-get-approval-before-xrp-says-bloomberg-analyst","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/litecoin-etf-likely-to-get-approval-before-xrp-says-bloomberg-analyst\/","title":{"rendered":"Litecoin ETF Likely to Get Approval Before XRP, Says Bloomberg Analyst"},"content":{"rendered":"<p><strong><a href=\"https:\/\/fortune.com\/crypto\/2025\/01\/31\/grayscale-xrp-etf-litecoin\/\" rel=\"nofollow\">Reports<\/a><\/strong> indicate that Grayscale has formally submitted an application to the U.S. Securities and Exchange Commission (SEC) to transition its $16.1 million <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong> trust into an ETF. The filing comes as multiple firms, including those backing <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/litecoin\/\">Litecoin<\/a><\/strong>, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a><\/strong>, and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">Dogecoin<\/a><\/strong>, push for new crypto ETFs amid shifting sentiment under the pro-crypto Trump administration.<\/p>\n<p>While Ripple\u2019s president, Monica Long, previously suggested that XRP could be the next digital asset to secure ETF approval after Bitcoin and Ethereum, Seyffart remains skeptical. He points out that the SEC still classifies XRP as a security, creating a significant hurdle for regulatory approval. Additionally, Ripple\u2019s ongoing legal battle with the SEC adds further uncertainty to the asset\u2019s ETF prospects.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-148483\" href=\"https:\/\/cryptodnes.bg\/en\/terra-luna-classic-sees-another-736m-lunc-burned-by-binance\/\" title=\"Terra Luna Classic Sees Another 736M LUNC Burned by Binance\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/06\/terra-luna-3.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Terra Luna Classic Sees Another 736M LUNC Burned by Binance<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Seyffart believes Litecoin has a clearer path, as it has never been designated a security by regulators. \u201cThere\u2019s less regulatory baggage with Litecoin,\u201d he explained, suggesting that it stands a better chance of receiving the green light before XRP.<\/p>\n<p>Despite these concerns, Seyffart does not rule out the possibility of an XRP ETF launching in 2025, though he acknowledges that further regulatory developments would be necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Litecoin-based exchange-traded fund (ETF) could receive regulatory approval before a similar product for XRP, according to Bloomberg analyst James Seyffart.<\/p>\n","protected":false},"author":3,"featured_media":33830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,424,109,294,271,405,266,122,223],"coin_category":[],"class_list":["post-148497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-crypto","tag-dogecoin","tag-etf","tag-ethereum","tag-new-crypto","tag-solana","tag-trump","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Litecoin ETF Likely to Get Approval Before XRP, Says Bloomberg Analyst<\/title>\n<meta name=\"description\" content=\"A Litecoin-based exchange-traded fund (ETF) could receive regulatory approval before a similar product for XRP, according to...\" \/>\n<meta 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