Why XRP ETF Faces Steeper Hurdles Than Solana and Litecoin ETF ?

Recently, Ripple CEO brad garlinghouse brad garlinghouse Brad Garlinghouse is the CEO of the financial technology company Ripple Labs, he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Initially, he worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
Details:
Organization: RippleLocation: United StatesEducation: MBA from Harvard Business School and BA from The University of KansasSkills: Venture capital and Startups
Experience:
CEO at Ripplefrom from Jan 2017 – Present ·President and COO at Ripple logo from Apr 2015 – Dec 2016Board Member at Animoto from 2012 – Dec 2017Tonic Health, an R1 company logoBoard Member at Tonic Health from 2011-2016Board Member at Ancestry from 2013 – 2016CEO at Hightail from May 2012 – Sep 2014
FAQs
Who is Brad Garlinghouse?The CEO of Ripple, a financial technology business that specializes in blockchain technology and the cryptocurrency XRP, is Brad Garlinghouse. He has played a significant role in advancing cross-border payments using blockchain technology.What is Brad Garlinghouse’s role at Ripple?Garlinghouse is in charge of Ripple’s expansion and strategic direction in his capacity as CEO. Ripple has concentrated on using blockchain technology to enhance international payment networks under his direction. EntrepreneurInvestorChief Executive OfficerBoard Member boasted that the approval of an XRP ETF is simply inevitable. Notably, Polymarket bettors also think that there is at least an 81% chance for an XRP ETF proposal to receive its approval this year. However, a research, led by renowned ETF analyst Eric Balchuas, suggests a different view. According to the research, XRP has less of a chance than LTC, SOL and even DOGE to receive approval from the SEC this year to launch an spot ETF. Unbelievable! Read on for more details.

XRP ETF Has the Lowest Approval Odds 

According to Balchuas’s research, there is only a 65% chance for an XRP spot ETF to receive approval this year. The SEC does not classify XRP as a commodity. The research highlights this aforesaid fact as a primary reason limiting XRP’s chance to launch its first spot ETF. 

The XRP price currently stands at $2.49. Though in the last one year, the market has gone through numerous ups and downs due to several issues, including Ripple’s legal battle with the US SEC, the market has experienced a surge of over 365.8%. 

Solana ETF Has a Slightly Higher Chance 

Surprisingly, the research shows that SOL has a better chance than XRP to launch a spot ETF this year. As per the research, there is over a 70% probability of an SOL spot ETF getting approval from the SEC in 2025. 

Notably, SOL was recently labeled as an unregistered security in the SEC lawsuits against Coinbase and Binance. 

The research emphasises the SEC’s acknowledgement of Grayscale’s Solana ETF proposal as a factor that supports SOL in gaining a better position than XRP.

The SOL price remains at $202.50. In the last one year, the market has seen a rise of over 84.4%. 

Litecoin ETF Has the Best Odds 

Importantly, the research notes that there is a 90% probability of an LTC spot ETF to get approval from the US SEC in 2025. 

The research emphasises its clear regulatory status as a prime reason enabling it to gain a better position than XRP and SOL.

The price of Litecoin is around $127.44. In the last one year, it has displayed a growth of 76.7%. In the last seven days alone, it has climbed by over 27%.

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Dogecoin ETF More Likely than XRP and SOL

The most shocking part of the research report is the revelation that Dogecoin has a better chance at approval than XRP and SOL. 

Even though the report does not specify the exact percentage of possibility for a DOGE spot ETF to receive the approval from the SEC, it asserts that DOGE, a memecoin, has a far better chance than the two prominent cryptos.

In conclusion, Balchuas’s research suggests XRP has the lowest ETF approval odds among major altcoins, while Litecoin has the highest. Polymarket traders, however, are more optimistic about XRP ETFs. The SEC’s regulatory stance plays a key role in approval chances.