Litecoin, Solana, and XRP ETFs: Which Will Be Approved First?

Bittime - The application for an ETF (Exchange-Traded Fund) for major crypto assets such as Litecoin (LTC), Solana (SOL), and XRP is awaiting approval. Which will be approved first? Check out the full analysis of the latest crypto ETF approval here.

Recently, several prominent asset managers, including VanEck and ProShares, put forward ETF proposals for these three tokens. 

This filing is attracting attention, especially ahead of President-elect Donald Trump's inauguration in January 2025, which is believed to bring major changes to crypto regulation in the United States.

ETF Altcoin Popular Up Bitcoin Ethereum

After Bitcoin and Ethereum ETFs started trading, attention is now turning to popular altcoins such as Litecoin, Solana, and XRP. Many predict that the Solana ETF could launch in late 2025. 

If that happens, a number of Solana-linked leveraged and inverse ETF products are also expected to gain approval. However, a number of analysts, including Eric Balchunas of Bloomberg, believe that a Litecoin ETF will be the first to be approved.

So, how is the development of this ETF application? Below is a summary and analysis of potential ETF approval for Litecoin, Solana, and XRP.

Read also: Crypto ETFs 2025: Crypto Assets That Have Potential to Be Approved by Regulators

A Wave of New ETF Filings

The latest ETF filings began last Wednesday, January 15 with VanEck's proposal for an "Onchain Economy ETF." 

This ETF focuses on investing in digital companies and digital asset-related instruments, with at least 80% of its assets allocated to companies involved in digital transformation.

The following day, asset manager Canary Capital proposed revisions to its spot Litecoin ETF. The ETF approval process then begins after Nasdaq submits the necessary documents to the SEC (Securities and Exchange Commission). 

As the institution that has the authority to decide on ETF approval, the SEC is the main concern in this development.

Additionally, CoinShares Valkyrie also proposes a Digital Asset ETF that tracks the COINTEN index, which includes the top 10 digital assets such as Bitcoin, Ethereum, Solana, and XRP. 

The Fund will invest in products listed on major US, Canadian and European exchanges that meet certain liquidity requirements.

Read also: XRP and Solana ETFs Will Be Approved This Year, Get Ready Guys!

ProShares Proposes ETF Futures for Solana and XRP

ProShares, which previously had success with Bitcoin futures ETFs, is now proposing several ETF products for Solana and XRP. 

On Friday, they filed for ETF futures for XRP, including a doubly leveraged product (Ultra XRP ETF), as well as short XRP and Ultra Short XRP funds. 

They also pitched a similar product for Solana, which recently hit an all-time high, thanks to the popularity of Trump-related memecoins.

Impact of ETF Approval on Crypto Markets

The approval of ETFs for Litecoin, Solana, and XRP will open greater access for institutional investors to enter the crypto market. This will also provide additional legitimacy to the three digital assets, which have long been a favorite of many investors. 

Additionally, this approval will accelerate the development of the crypto market by reducing volatility and increasing liquidity.

The ETF approval process also represents increasingly clear regulatory changes that will impact how the market operates in the future. 

With many analysts predicting that 2025 will be a landmark year for the crypto industry, this ETF filing could be one of the main drivers in changing the digital asset market landscape.

Read also: XRP Exchange Traded Funds (ETF) Potentially Approved in 2025

FAQ

What is a Litecoin, Solana, and XRP ETF?

Litecoin, Solana, and XRP ETFs are exchange-traded investment products that allow investors to invest in these crypto assets without having to directly own the tokens. This ETF provides a more structured way to gain exposure to Litecoin, Solana, and XRP.

What is the difference between spot ETFs and futures ETFs?

Spot ETFs invest directly in underlying assets such as Litecoin or XRP, while futures ETFs invest in futures contracts that reflect the future price of those assets.

Are crypto ETFs suitable for beginner investors?

Crypto ETFs provide a safer and more structured way for investors to enter the crypto market. However, beginners still need to understand the risks of high volatility and the volatile nature of the crypto market.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

DLNews, Litecoin ETF hopes fuel 31% surge. Why experts bet it might beat XRP and Solana, accessed January 20, 2025.

The Block, Wave of ETF filings proposes Litecoin ETF, XRP and Solana leveraged funds, and more, accessed January 20, 2025.

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