The cryptocurrency market is electrified as the contest for altcoin ETFs accelerates. With Gary Gensler stepping down as SEC Chair on January 20, 2025, the anticipation for regulatory changes is palpable. Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) are emerging as top contenders, with industry experts and investors keenly speculating on which altcoin will first secure ETF approval following Bitcoin and Ethereum ETFs.
Who’s Next: SOL, XRP, LTC, HBAR
As Bitcoin and Ethereum ETFs pave the way, the spotlight now shifts to altcoin ETFs. Solana (SOL) stands out for its rapid transaction speeds and low fees, making it a preferred option for decentralized applications and NFTs. Meanwhile, Ripple’s XRP has garnered renewed interest, particularly after a partial legal victory against the SEC, enhancing its prospects for cross-border payments.
Eric Balchunas, a senior ETF analyst at Bloomberg, foresees early approvals in the altcoin ETF race by 2025. He speculates that Litecoin, due to its similarity to Bitcoin, might be among the first to gain approval, with Hedera (HBAR) potentially following. However, Solana and XRP could encounter delays due to ongoing legal challenges.
Institutional Filings for Altcoin ETFs
Several major financial institutions are already positioning themselves for altcoin ETFs, indicating a growing confidence in impending regulatory approvals. Franklin Templeton has submitted filings for ETFs featuring Solana (SOL) and XRP, underscoring their increasing market adoption and strength. Bitwise, a leading digital asset firm, is concentrating on a diversified altcoin ETF that includes Litecoin (LTC) and Hedera (HBAR) as primary holdings. Meanwhile, WisdomTree, recognized for its innovative ETFs, is targeting Solana and Hedera, emphasizing their robust technical foundations for decentralized applications.
Analyst’s Price Predictions For SOL, XRP, LTC, HBAR
Jeff Kendrick, Global Head of Digital Assets Research at Standard Chartered, provides optimistic price forecasts for these altcoins. He anticipates that Solana could soar to $560 by the end of 2025, fueled by its dynamic ecosystem. Following XRP’s partial legal victory, it could potentially reach $2.50. Litecoin is projected to rise to $150, benefiting from its Bitcoin-like attributes. Meanwhile, Hedera, with its distinctive hashgraph technology, is expected to achieve a price of $0.6.
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FAQs
Which altcoin is most likely to get ETF approval in 2025?
Litecoin (LTC) is a frontrunner for ETF approval due to its similarity to Bitcoin, followed by Hedera (HBAR) for its unique hashgraph technology.
What are the price predictions for Solana, XRP, Litecoin, and Hedera?
Solana: $560, XRP: $2.50, Litecoin: $150, Hedera: $0.6 by the end of 2025, according to analysts.
How did XRP gain momentum in the ETF race?
XRP’s partial victory in the SEC lawsuit boosted its credibility for cross-border payments and increased investor confidence.
Which institutions are filing for altcoin ETFs?
Franklin Templeton, Bitwise, and WisdomTree are leading with filings focused on Solana, XRP, Litecoin, and Hedera.
