{"id":46552,"date":"2025-02-03T08:43:38","date_gmt":"2025-02-03T08:43:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/litecoin-etf-could-get-sec-approval-before-xrp-says-bloomberg-analyst\/"},"modified":"2025-02-03T08:43:38","modified_gmt":"2025-02-03T08:43:38","slug":"litecoin-etf-could-get-sec-approval-before-xrp-says-bloomberg-analyst","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/litecoin-etf-could-get-sec-approval-before-xrp-says-bloomberg-analyst\/","title":{"rendered":"Litecoin ETF Could Get SEC Approval Before XRP, Says Bloomberg Analyst"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>An exchange-traded fund (ETF) for Litecoin (LTC) may receive regulatory clearance before one for Ripple\u2019s XRP, according to a Bloomberg analyst. Grayscale recently submitted a request to the U.S. Securities and Exchange Commission (SEC) to turn its $16.1 million XRP trust into an exchange-traded fund (ETF), according to Fortune.<\/p>\n<p>Other cryptocurrency ETFs, such as those for <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-litecoin\/\">Litecoin,<\/a> Solana (SOL), and <a href=\"https:\/\/igaming.org\/cryptocurrencies\/dogecoin-alternative-coin\/\">Dogecoin (DOGE)<\/a>, are also being proposed for approval by a number of companies. This drive occurs as the Trump administration ushers in what many see as a more crypto-friendly era in the United States.<\/p>\n<p>Monica Long, president of Ripple, said last month that she was hopeful an XRP ETF would follow Bitcoin (BTC) and Ethereum (ETH) as the next big thing. James Seyffart, a Bloomberg analyst, is still dubious, though.<\/p>\n<h2><strong>Regulatory Challenges Could Hinder XRP ETF Progress<\/strong><\/h2>\n<p>Seyffart believes the SEC\u2019s classification of XRP as a security could delay an ETF launch. He also points to Ripple\u2019s ongoing legal battle with the SEC as another hurdle.<\/p>\n<p>\u201cThere\u2019s some more work that needs to be done on that front that doesn\u2019t need to happen with something like Litecoin. The SEC has never called Litecoin a security so, I wouldn\u2019t be surprised if you see Litecoin come first,\u201d Seyffart explained.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Despite these obstacles, he acknowledges that an XRP ETF remains a possibility in 2024. If regulatory clarity improves, XRP could still secure approval, but Litecoin appears to have a clearer path forward.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/litecoin-etf-could-get-sec-approval-before-xrp-says-bloomberg-analyst\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) An exchange-traded fund (ETF) for Litecoin (LTC) may receive regulatory clearance before one for Ripple\u2019s XRP, according to a Bloomberg analyst. Grayscale recently submitted a request to the U.S. Securities and Exchange Commission (SEC) to turn its $16.1 million XRP trust into an exchange-traded fund (ETF), [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":46553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46552"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=46552"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/46553"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=46552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=46552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=46552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}