Analyst: SEC's decision on SOL, XRP, LTC and HBAR ETFs is expected to continue until the end of 2025

Bloomberg ETF analyst James Seyffart outlined a possible timeline for the approval of SOL, XRP, LTC, and HBAR ETFs. As U.S. regulatory discussions deepen, Seyffart predicts that resolution on these altcoin ETFs could extend to the end of 2025, depending on various factors. Seyffart said that the current environment for altcoin ETFs remains somewhat murky due to previous decisions made by the U.S. SEC. Bitcoin and Ethereum ETFs were approved primarily because they are linked to CME's regulated futures market. However, many altcoins, including SOL and XRP, do not have regulated futures markets, which could slow down the ETF approval process. "The SEC has historically rejected altcoin ETF applications without a sizable regulated market," he said, noting that new SEC leadership in 2025 could change these guidelines, but the timeline for approval remains unclear. Seyffart also pointed out that although companies such as WisdomTree and 21Shares have recently applied for XRP ETFs, current regulations do not allow them to be listed. Some of the issues that need to be resolved before such products are allowed to be listed include market manipulation, custody, and compliance issues. (CoinGape)