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Bloomberg analyst: US SEC does not call Litecoin a security, and would not be surprised if Litecoin ETF is approved first
2025-02-01 02:57

Odaily News Since Trump was elected, many companies have submitted numerous crypto ETF applications, including Solana, Dogecoin and Litecoin. Crypto asset management company Grayscale has also applied for an XRP exchange-traded fund, but Bloomberg analyst James Seyffart warned not to be too optimistic at the moment. Although he believes that the XRP ETF is likely to be approved in 2025, other cryptocurrency ETFs may go first. The SEC's ongoing lawsuit involving "XRP is a security" and the SEC has never called Litecoin a security, so it would not be surprising to see the Litecoin ETF appear first. (Fortune)