Bloomberg Analysts Predict Litecoin, Hedera ETFs To Come Before Solana, XRP ETFs
Highlights
- Bloomberg analysts predict the SEC could approve Litecoin and Hedera ETFs first because of their non-security status.
- These Litecoin and Hedera ETFs are projected to come after a Bitcoin & Ethereum combo ETF.
- These Bloomberg analysts are however uncertain whether there is actual demand for Litecoin and Hedera ETFs.
Bloomberg analysts, including Eric Balchunas and James Seyffart, have predicted that the Litecoin and Hedera ETFs could launch before the Solana and XRP ETFs. These analysts also provided insights into why they hold such beliefs regarding the crypto ETF landscape.
Bloomberg Analysts Predict Litecoin, Hedera ETFs To Come First
In an X post, Bloomberg analyst Eric Balchunas shared his team’s prediction that the Litecoin and Hedera ETFs could come first before the Solana and XRP ETFs. The analyst stated that they expect a wave of crypto ETFs next year, although not at once.
They expect the SEC to first approve Bitcoin and Ethereum combo ETFs. Bitwise, Franklin Templeton, and Hashdex have all filed to offer these Dual ETFs. The Bitcoin and Ethereum ETFs have enjoyed massive success. These Bitcoin ETFs recently surpassed Satoshi Nakamoto’s BTC holdings.
These Bloomberg analysts predict the next crypto ETFs will probably be the Litecoin and Hedera ETFs, followed by the Solana and XRP ETFs. In his outlook, James Seyffart explained why they believe these ETFs would come before the Solana and XRP ETFs.
Why The Solana And XRP ETFs Have Lower Approval Odds
Seyffart stated that the Solana and XRP ETFs would have to wait for the next SEC administration before the Commission can consider the pending applications. Even then, the Bloomberg analyst noted that there are complex legal issues around these coins and others relating to their status as securities, which need to be resolved first.
In XRP’s case, the Ripple SEC lawsuit is still pending, which is likely one of the legal issues that Seyffart is referring to. The SEC and Ripple have a long history with their long-running legal battle. However, despite these obstacles, crypto figures like Ben “Bitboy” Armstrong are confident that an XRP ETF is imminent.
Meanwhile, unlike Solana and XRP, the Bloomberg analyst noted that Litecoin and Hedera haven’t been referred to as securities by the US SEC. The analyst added that while they believe that Litecoin and Hedera ETFs have higher approval odds, they remain uncertain whether there is actual demand for these funds.
Canary Capital is the only asset manager that has filed for a Litecoin and Hedera ETF, which suggests that issuers do not believe there is enough demand for these crypto products. Bitwise, Canary Capital, 21Shares, and WisdomTree have all filed for XRP ETFs. Meanwhile, Grayscale, VanEck, Canary Capital, and Bitwise have all filed for Solana ETFs.
- Legal Expert Breaks Down XRP’s Appeal as Ripple SWIFT Debate Heats Up
- Crypto Stakeholders Push Back as Banks Seek Yield Ban Provision in CLARITY Act
- Crypto ETFs Approval Faces Uncertainty as Government Shutdown Looms, Bloomberg Analyst Says
- Fed’s Hammack Backs Restrictive Policy Over Rate Cuts Amid Inflation Concerns
- Fed Governor Chris Waller Champions Stablecoins as a Tool for Cheaper Global Payments
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
