Litecoin ETF hopes fuel 31% surge. Why experts bet it might beat XRP and Solana

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Analysts spot Litecoin’s Bitcoin-like traits arsenic a imaginable borderline successful the ETF support race.
Litecoin hits a three-year precocious terms adjacent $140.
Fund managers besides vie to motorboat Solana and XRP ETFs.

Litecoin, erstwhile a top-five cryptocurrency by marketplace worth and considered by galore to beryllium the original altcoin, has seen its terms surge 31% implicit the past week.

Canary Capital’s recently projected Litecoin-based exchange-traded money could marque it the archetypal altcoin money approved nether the Trump administration.

Bloomberg ETF analysts Eric Balchunas and James Seyffart noted the Securities and Exchange Commission’s evident willingness to expedite approval, successful enactment with expectations nether the imaginable incoming enactment of Paul Atkins.

“Litecoin ETF present has each the boxes checked,” Balchunas said. “With a caller SEC sheriff successful town, this could beryllium the archetypal altcoin ETF to deed the market.”

But don’t number retired the contention — money managers besides vie to get ETF support for crypto heavyweights XRP and Solana.

“We’ll cognize for definite successful a mates of weeks if this has a legit changeable astatine getting approved,” said Seyffart. “Litecoin mightiness person a amended changeable — mostly due to the fact that of a deficiency of accusations that Litecoin is simply a information from the SEC.”

The caller applications travel arsenic Donald Trump’s 2nd word successful the White House is expected to substance a caller crypto rally and fulfill the industry-friendly pledges helium made during the campaign.

Altcoin ETF race

A cardinal origin successful ETF support for cryptocurrencies has historically been the beingness of a regulated futures market.

“Bitcoin and Ether some had liquid, regulated futures markets for respective years earlier the SEC approved spot ETF applications for these assets,” Sui Chung, CEO of CF Benchmarks, told DL News.

Litecoin, however, lacks the aforesaid level of futures marketplace development, which could complicate approval.

“Litecoin has similarities to Bitcoin that astir apt marque it logical to beryllium approved if the caller committee moves beyond the surveillance sharing worldly with CME futures markets,” said Kaiko expert Adam Morgan McCarthy.

In the meantime, speculators person started to load up connected Litecoin, pushing the terms to a three-year precocious of $140. It’s present the 23rd astir invaluable crypto with a marketplace worth of $10.3 billion.

Solana and XRP contenders

Fund managers person besides applied to motorboat Solana and XRP ETFs. Analysts expect some to yet wide the SEC contempt concerns of investor interest.

“Over the coming fewer months, we bash judge that the barroom for accepting caller crypto ETFs volition beryllium lowered, and deliberation 2025 volition spot some a SOL and XRP ETF approved,” said Edouard Hindi, main concern serviceman astatine Tyr Capital.

Solana ETFs, filed by large players similar Bitwise, VanEck, and 21Shares, are facing delays astatine the moment, with the SEC expected to propulsion decisions until astatine slightest March.

XRP ETFs, too, are awaiting clarity, arsenic Ripple’s ineligible skirmish with the SEC implicit its information presumption looms successful the background.

Despite these hurdles, expectations for superior inflows are high.

JPMorgan analysts estimation that Solana ETFs could pull betwixt $3 cardinal and $6 billion, portion XRP ETFs mightiness gully arsenic overmuch arsenic $8 billion.

Yet these figures airy compared to Bitcoin and Ethereum ETFs, which pulled successful $107 cardinal and $12 billion, respectively, successful 2024.