Bloomberg Predicts Timeline for of XRP, LTC, SOL Crypto ETFs
A Bloomberg ETF analyst has shared his predicted timeline for the approval of new crypto ETFs for Ripple XRP; Litecoin LTC, and Solana SOL. 2025 is expected to be bigger for crypto than 2024, which saw the arrival of Bitcoin and Ethereum ETFs. Bloomberg Senior ETF Analyst Eric Balchunas agrees with this sentiment, publishing his latest newsletter with dates he anticipates will bring the launch of new altcoin ETFs. On Tuesday, Balchunas stated that we can expect “a wave” of new cryptocurrency ETFs in 2025. First out is likely the BTC and ETH combo ETFs, then prob Litecoin (because its fork of BTC = commodity), then HBAR (because it’s not labeled security), and then XRP/Solana (which have been labeled securities in pending lawsuits),” he added. Better Chances for Crypto ETF Approvals in 2025? With a newly structured SEC come 2025, experts expect looser regulation on the crypto industry. Donald Trump’s crypto-friendly administration is also set to play a part, openi...