Bloomberg Analysts Predict Approval Timeline for Cryptocurrency ETFs: LTC and HBAR Lead, SOL and XRP Face Delays

WuShuo reports that Bloomberg ETF analysts James Seyffart and Eric Balchunas shared insights into the approval prospects for various cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC). While Litecoin (LTC) and Hedera (HBAR) ETFs show strong potential for approval, Solana (SOL) and XRP face regulatory hurdles, delaying their chances until new SEC leadership is in place.Key Insights on Approval ProspectsLitecoin (LTC) and Hedera (HBAR):LTC's classification as a Bitcoin fork and the SEC’s non-identification of it as a security make it a strong contender.Canary is currently the only issuer to file ETF applications for LTC and HBAR.Despite regulatory clarity, analysts note uncertainty around investor demand for these ETFs.Solana (SOL) and XRP:Legal challenges and the SEC’s ongoing scrutiny over securities classifications have postponed their ETF approvals.Analysts believe these applications will only gain traction under the leadership of a new SEC management team.Next Wave of Cryptocurrency ETFs:According to Eric Balchunas, the BTC + ETH combination ETF is likely to debut first in 2025.ETFs for LTC and HBAR are expected to follow.XRP and Solana ETFs are likely to lag due to their unresolved regulatory and legal issues.