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Bloomberg Analyst: SOL, XRP and other altcoin ETFs may need to wait until the end of 2025 to be approved
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2024-11-26 12:32 7,069
According to news on November 26, the latest report from Bloomberg ETF analyst James Seyffart pointed out that the approval resolution of altcoin ETFs such as SOL, XRP, LTC and HBAR may extend until the end of 2025. Unlike the approved Bitcoin and Ethereum ETFs, these altcoins lack CME regulated futures market support. Although WisdomTree and 21Shares have submitted applications for XRP ETFs, current regulations still do not allow them to be listed until compliance issues such as market manipulation, custody, etc. are resolved. Seyffart also said that the new SEC leadership in 2025 may be more friendly to cryptocurrencies and may allow ETF products to add staking functions.
Keywords: Bitcoin
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