Litecoin ETF May Gain Approval Before XRP
- A Bloomberg analyst suggests a Litecoin ETF could be approved before an XRP ETF.
- Grayscale has filed with the SEC to convert its $16.1 million XRP trust into an ETF.
- The SEC continues to classify XRP as a security, complicating its ETF approval process.
- Ripple is engaged in ongoing legal disputes with the SEC over XRP’s status.
- No such security classification issues exist for Litecoin, potentially easing its approval path.
Bloomberg analyst James Seyffart believes regulatory hurdles for XRP, including its classification as a security by the SEC and Ripple’s legal challenges, may delay its ETF approval compared to Litecoin. Grayscale has filed for an XRP ETF conversion worth $16.1 million.
Source (2.6)https://dailyhodl.com/2025/02/02/litecoin-etf-likely-to-be-approved-before-xrp-according-to-bloomberg-strategist-report/?rand=59076
