According to current data shared by Bloomberg’s senior ETF analyst Eric Balchunas, Litecoin (LTC) and Solana (Left) -based spot investment funds are highly likely to be approved in 2025. Although XRP stands out among the products that SEC evaluated, the possibility of approval remains slightly lower than LTC and SOL. In particular, the postponement of the XRP Spot ETF decision to a later date has created uncertainty in the market.
High approval of LTC and SOLT ETFs
According to shared data, SEC is expected to announce its final decision for LTC -based Spot ETF application on October 2. For the left, this date is determined as October 10. Analyst Eric Balchunas considers the probability of approval of LTC and SOL for spot investment products as about 90 percent. This ratio remains around 85 percent for XRP.
According to Balchunas, the main reason for this difference is that Litecoin and Solana are accepted as relatively less controversial assets before regulatory institutions. In addition, the fact that both assets have been traded for a long time in the market and the fact that technical infrastructures are reliable is effective in the formation of positive views. Balchunas emphasized that Paul Atkins, Chairman of the SEC Paul Atkins, can give more clarity to the process of making a direct statement in this process.
The XRP decision was postponed, the market swung
The ETF decision, which XRP investors eagerly awaited, pointed to May 3 in the first place. However, the commission then postponed this date to 17 June. The postponement news was instantly resonated in the market. XRP price, after the announcement of the decision decreased by 3 percent to approximately $ 2.2.
Journalist Eleanor Terrett, who explained the postponement decision of SEC, said on social media on social media. He announced with his words. This statement increased short -term volatility, especially in the XRP market.
XRP, which is in the first place in the crypto currency world with its $ 130 billion market value, is among the assets that investors show great interest. However, decision delays can directly affect user sensitivity. Analysts argue that if the ETF approval arrives, the rise effect on Bitcoin ETFs can be repeated for XRP.
Experts say that the approval process includes risks as well as opportunities for investors. In particular, SEC’s different approach to different types of assets reveals that the process is full of uncertainties. This causes investors to move more carefully and cautiously.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
