Will XRP and Litecoin ETFs be Approved by the SEC?
Jakarta, Pintu News – A recent announcement from the United States Securities and Exchange Commission (SEC) has delayed a decision regarding the Ripple and Litecoin ETFs filed by CoinShares. This decision caught the attention of the market as it signals the SEC’s cautious stance towards crypto-based financial products.
Check out the full news below!
Postponement by SEC: What’s the Impact?
The SEC has decided to delay a decision on the Ripple (XRP) and Litecoin (LTC) ETFs filed by CoinShares. This delay comes ahead of the second deadline on May 26. The SEC requested more comments and rebuttals to these filings, with the next decision deadline set for August 24.
This decision reflects the SEC’s cautious approach in dealing with ETFs based on crypto assets. The delay is not unique to CoinShares, with Grayscale and 21Shares’ Ripple (XRP) ETF filings also suffering a similar fate.
The SEC seems to be taking extra time to ensure that all regulatory aspects and risks related to crypto ETFs are properly addressed. This shows that the SEC is in no hurry to give the green light to these new financial products.
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ETF Approval Opportunities
According to data from Polymarket, the Ripple (XRP) ETF has a higher chance of approval compared to the Litecoin (LTC) ETF this year. The approval chance for the Ripple (XRP) ETF stands at 83%, while that for the Litecoin (LTC) ETF is 79%.
However, analysts from Bloomberg, James Seyffart and Eric Balchunas, gave a more optimistic prediction for the Litecoin (LTC) ETF with a 90% chance of approval. This prediction is based on market analysis and emerging regulatory trends.
Seyffart and Balchunas think that Litecoin (LTC) has greater potential to be approved first compared to other crypto ETFs. They also predict that the final decision from the SEC may not come until the fourth quarter of this year.
Also read: Bitcoin (BTC) surpasses $110,000, what’s driving the price increase?
Market Implications and Investor Expectations
The delayed decision by the SEC has created uncertainty in the market, but it has also given investors time to assess the potential and risks associated with crypto ETFs. The SEC’s final decision will greatly influence the dynamics of the crypto market, especially for Ripple (XRP) and Litecoin (LTC).
The ETF approval is expected to bring greater liquidity and institutional validation for these crypto assets. Investors and market watchers are now awaiting the SEC’s decision with great anticipation.
The ETF approval is expected to open the door for more crypto-based financial products that will attract more institutional investors into the market. It could also be a positive signal for other regulators around the world to start accepting crypto ETFs.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Coingape. SEC Delays Decision on CoinShares Spot XRP and Litecoin ETF. Accessed on May 23, 2025
- Featured Image: Investopedia
