Why LTC, HBAR crypto ETFs can debut before SOL, XRP – Analysts explain

Bloomberg analysts predicted Litecoin and Hedera ETFs could launch before Solana and XRP.
Delays in Solana and XRP ETFs highlight regulatory challenges and the impact of upcoming SEC leadership changes.

In a surprising development, Bloomberg’s ETF analysts, including Eric Balchunas and James Seyffart, have predicted that Litecoin [LTC] and Hedera [HBAR] ETFs could launch before Solana [SOL] and Ripple’s XRP ETFs.

Their insights are based on the growing classification of Litecoin as a commodity and Hedera’s status as a non-security. Both of these contribute to a more favorable regulatory environment.

Bloomberg analysts spill the beans

Taking to X [formerly Twitter], Balchunas referred to Seyffart’s outlook, stating,

“We expect a wave of cryptocurrency ETFs next year, albeit not all at once.”

He further shed light on the potential timeline for cryptocurrency ETF approvals.

The analyst emphasized that Bitcoin [BTC] and Ethereum [ETH] combo ETFs are likely to receive approval first due to their classification as commodities.

This aligns with the broader regulatory perspective that views these leading cryptocurrencies as less likely to face stringent security concerns compared to newer or more controversial assets.

Balchunas added,