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Analyst: It is expected that the SEC's decision on SOL, XRP, LTC, and HBAR ETFs will be extended until the end of 2025.
Odaily Planet Daily News Bloomberg ETF analyst James Seyffart outlined the possible timetable for the approval of SOL, XRP, LTC, and HBAR ETFs. As the regulatory discussions in the United States deepen, Seyffart predicts that the decision on these AltCoin ETFs may be extended until the end of 2025, depending on various factors. Seyffart stated that due to the decision made by the US SEC earlier, the environment for AltCoin ETFs is still somewhat unclear. The approval of BTC and ETH ETFs is mainly because they are connected to the regulated futures market of CME. However, many AltCoins including SOL and XRP do not have regulated futures markets, which may slow down the approval process for ETFs. He said, 'If there is no substantial regulated market, the SEC has always rejected AltCoin ETF applications.' He pointed out that the new SEC leadership in 2025 may change these guidelines, but the timeline for approval is still unclear. Seyffart also pointed out that although companies like 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 addressed before such products can be listed include market manipulation, custody, and compliance issues. (CoinGape)