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A Bloomberg analyst reportedly thinks that a Litecoin (LTC<\/a>) exchange-traded fund (ETF) will likely secure regulatory approval ahead of a similar product for Ripple\u2019s XRP<\/a>.\u00a0<\/span><\/p>\n Fortune reports<\/a> that on Thursday, asset manager Grayscale submitted a filing with the U.S. Securities and Exchange Commission (SEC) to convert its $16.1 million XRP trust into an ETF.\u00a0<\/span><\/p>\n A number of other companies are also applying for new crypto ETFs, including those for Litecoin, Solana (SOL<\/a>) and Dogecoin (DOGE<\/a>), as the US enters a pro-crypto era under the Trump administration.<\/span><\/p>\n Last month, Ripple president Monica Long said that the next crypto ETF to receive a greenlight after Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>) will likely be XRP, but Bloomberg analyst James Seyffart is not as optimistic.<\/span><\/p>\n Seyffart says the SEC is still claiming that XRP is a security, a roadblock that might bar ETFs based on the third-largest crypto asset from getting the seal of approval. He also notes that XRP-issuer Ripple is still locked in a legal tussle with the SEC.\u00a0<\/span><\/p>\n \u201cThere\u2019s some more work that needs to be done on that front that doesn\u2019t need to happen with something like Litecoin. The SEC has never called Litecoin a security so, I wouldn\u2019t be surprised if you see Litecoin come first.\u201d<\/span><\/i><\/p>\n While Seyffart does not see the imminent approval of XRP ETFs, he believes that it is within the realm of possibility for the third-largest crypto asset to get one this year.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A Bloomberg analyst reportedly thinks that a Litecoin (LTC) exchange-traded fund (ETF) will likely secure regulatory approval ahead of a similar product for Ripple\u2019s XRP.\u00a0 Fortune reports that on Thursday, asset manager Grayscale submitted a filing with the U.S. Securities and Exchange Commission (SEC) to convert its $16.1 million XRP trust into an ETF.\u00a0 A […]<\/p>\n","protected":false},"author":2,"featured_media":101549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-365072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=365072"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365072\/revisions"}],"predecessor-version":[{"id":365075,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365072\/revisions\/365075"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/101549"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=365072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=365072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=365072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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