Crypto Space to Get New ETF by May 5?
The post Crypto Space to Get New ETF by May 5? appeared on BitcoinEthereumNews.com.
The crypto ETF space will see big developments in 2025. The U.S. SEC is set to review over 70 crypto ETF applications this year. This comes after the approval of Bitcoin and Ethereum ETFs in 2024, which made way for altcoin ETFs. Analysts believe the SEC may approve spot ETFs for altcoins like Solana, XRP, and Dogecoin in the coming months, with decisions starting as early as July 2, 2025. Decisions for ETFs like SOL, DOGE, XRP, and ADA are expected around October, with other ETF rulings to follow in November and December. Litecoin ETF Decision By May 5? The SEC is set to rule on the Canary Funds’ Litecoin ETF by May 5. Unlike other crypto ETF filings, this one has not been delayed yet. James Seyffart, a Bloomberg ETF analyst, believes that Litecoin may have a better chance of early approval than other assets, although he still thinks a delay is more likely. The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it’s Litecoin IMO. Personally think a delay is more likely but def something to watch pic.twitter.com/FilnUcMtUH — James Seyffart (@JSeyff) May 4, 2025 Analysts pointed out that Litecoin ETF’s approval could be the easiest since its S-1 and 19b-4 forms have already been filed and accepted. Additionally, the SEC likely sees Litecoin as a commodity. Other Litecoin ETFs currently under review are from Grayscale and CoinShares. The SEC has until October to decide on them. According to Bloomberg analysts, Litecoin has the highest chance of approval, with a 90% likelihood. 75% Chances of Altcoin ETFs Approval Bloomberg analysts believe there’s a 75% or higher chance that the SEC…
Filed under: News - @ May 5, 2025 6:24 am