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XRP ETF, Other Altcoin ETFs Approval Timeline Revealed!

Author: Content Editor
Renowned Bloomberg ETF analyst, James Seyffart, has provided insights into the potential approval process for crypto exchange-traded funds (ETFs), particularly focusing on altcoins like XRP, Solana, Litecoin, and Hedera. Seyffart highlighted the regulatory hurdles and complexities these applications face, suggesting that decisions could be delayed until late 2025. He noted that the approval of ETFs tied to Bitcoin and Ethereum was possible due to the presence of regulated futures markets for these cryptocurrencies, which altcoins lack. Changes in leadership at the U.S. Securities and Exchange Commission (SEC) could potentially influence the approval timeline, but the timeframes remain unclear. Several firms, including WisdomTree and 21Shares, have submitted applications for XRP ETFs, but the current regulatory scene does not support their launch due to unresolved issues. Seyffart also discussed potential advancements in ETF structures, emphasizing the role of staking for altcoins as a key feature in future offerings. He outlined the two primary filing routes for ETFs and explained that altcoin ETFs might face longer approval processes. Seyffart expressed cautious optimism about the future of altcoin ETFs, noting that decisions could start in 2025 but will depend on leadership changes and shifts in regulations.

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