The post ETF Race Lead Signals Bullish Future appeared on BitcoinEthereumNews.com.

A spot Litecoin (LTC) ETF could be the first altcoin ETF to be approved by the SEC. The agency is likely to wait for the new SEC Chair Paul Atkins before greelighting ETFs. Litecoin (LTC) is ahead of other altcoins because of early SEC engagement on Canary Capital’s filing. Litecoin (LTC) is firmly emerging as a frontrunner in the race for a spot exchange-traded fund (ETF), with Bloomberg ETF analyst Eric Balchunas using a baseball analogy to offer his price prediction. To put it simply, Balchunas believes, all the altcoins “are rounding 1st base, except for Litecoin which is headed to 3rd.” For investors, this statement suggests that Litecoin is significantly ahead in the regulatory process, potentially paving the way for a price surge compared to other altcoins like XRP, Dogecoin, and Solana. Balchunas did clarify, in another post on X (formerly Twitter), that no crypto ETFs will begin active trading until the newly appointed SEC Chair, Paul Atkins, is confirmed by the US Senate and settles into his role. This suggests any immediate price prediction based solely on ETF news may be premature.  Adding a note of caution, he stated, “I don’t think all coin ETFs are super high on his priority list. And that’s why we don’t say we’re 100% confident on any of this just yet.“ Probably yeah I don’t think anything gets out until he’s approved and get settled in. And I don’t think all coin ETFs are super high on his priority list And that’s why we don’t say we’re 100% confident on any of this just yet. — Eric Balchunas (@EricBalchunas) February 14, 2025 Balchunas further explained that Litecoin is ahead of its competitors because it was “Gensler friendly.” In essence, this “friendliness” could be a major factor in any positive Litecoin price prediction.…

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Filed under: News - @ February 14, 2025 8:27 am