PANews reported on November 26 that according to Coingape, Bloomberg analyst James Seyffart outlined the possible timetable for the approval of Solana (SOL), XRP, Litecoin (LTC) and Hedera (HBAR) ETFs. As US regulatory discussions deepen, Seyffart predicts that decisions on these altcoin ETFs may extend until the end of 2025, depending on various factors. Due to previous decisions made by the U.S. Securities and Exchange Commission (SEC), the current altcoin ETF environment remains somewhat vague. Bitcoin and Ethereum ETFs were approved mainly because they are linked to futures markets regulated by the Chicago Mercantile Exchange (CME). However, many altcoins, including SOL and XRP, do not have regulated futures markets, which may slow down the process of ETF approval.
Seyffart said: "The SEC has historically rejected altcoin ETF applications due to the lack of a sizable regulated market. The new SEC leadership in 2025 may change these guidelines, but the timeline for approval remains unclear." Seyffart also pointed out that although companies such as WisdomTree and 21Shares have recently applied for XRP ETFs, current regulations do not allow them to be listed. Some of the issues that need to be resolved before such products are allowed to be listed include market manipulation, custody and compliance issues.
