A leading ETF analyst, Eric Balchunas, has suggested that the U.S. Securities and Exchange Commission (SEC) might approve a Litecoin ETF before one for XRP. Despite the expected shift towards a more crypto-friendly SEC next year with Paul Atkins nominated to replace Gary Gensler, Balchunas points out that XRP’s complex legal issues could delay its ETF approval. Meanwhile, Litecoin (LTC) and Hedera (HBAR) have never been labeled securities by the SEC, which could make their approval smoother. Although the SEC may become more open to crypto products, investor demand remains uncertain for recently filed ETF products. Balchunas stresses that Litecoin’s path to a spot ETF looks clearer than XRP’s.
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