
The cryptocurrency market is currently in a state of rapid evolution, bolstered by the increasing demand for altcoin ETFs. This surge in interest coincides with the impending resignation of Gary Gensler as SEC Chair on January 20, 2025. As the market anticipates this transition, key players such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR) are emerging as potential leaders in the race to secure ETF approvals.
Who’s Next: SOL, XRP, LTC, HBAR
Following the successful introduction of Bitcoin and Ethereum ETFs, altcoin ETFs are drawing significant attention. Solana (SOL), with its fast transaction speeds and lower fees, is a strong contender favored for its applications in decentralized apps and NFTs. Meanwhile, XRP has seen renewed interest due to its partial victory in the SEC lawsuit, enhancing its prospects in the realm of cross-border payments.
Bloomberg’s senior ETF analyst, Eric Balchunas, has expressed optimism about the rapid approval of new contenders in the ETF space by 2025. He predicts that Litecoin, given its similarities to Bitcoin, could be one of the first altcoins to gain approval. Hedera (HBAR), with its unique hashgraph technology, is also seen as a strong candidate. However, Balchunas notes that legal challenges could delay approvals for Solana and XRP.
Institutional Filings for Altcoin ETFs
Several major financial institutions have already submitted applications for altcoin ETFs, reflecting a growing confidence in obtaining regulatory approval. Franklin Templeton has filed for ETFs that include Solana (SOL) and XRP, underscoring their growing market presence and adoption. Bitwise, a leading digital asset management firm, is developing a diversified altcoin ETF featuring Litecoin (LTC) and Hedera (HBAR) as core components. WisdomTree, renowned for its innovative ETFs, is also focusing on Solana and Hedera, emphasizing their robust technical infrastructure in decentralized applications.
Analyst’s Price Predictions For SOL, XRP, LTC, HBAR
Jeff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, offers encouraging forecasts for these altcoins. He anticipates that Solana will experience a significant rise, possibly reaching $560 by the end of 2025, driven by its expanding ecosystem. Following XRP’s legal triumph against the SEC, Kendrick predicts its price could climb to $2.50. Litecoin, benefiting from its Bitcoin-like attributes, might see an increase to $150, while Hedera, powered by its distinctive hashgraph technology, is expected to reach $0.60.
Never Miss a Beat in the Crypto World!
Stay informed with cutting-edge news, expert insights, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Litecoin (LTC) is considered a leading candidate for ETF approval due to its similarities with Bitcoin. Hedera (HBAR) is also a strong contender, thanks to its unique hashgraph technology.
What are the price predictions for Solana, XRP, Litecoin, and Hedera?
Analysts forecast the following prices by the end of 2025: Solana at $560, XRP at $2.50, Litecoin at $150, and Hedera at $0.60.
How did XRP gain momentum in the ETF race?
XRP’s momentum in the ETF race was bolstered by its partial victory in the SEC lawsuit, which enhanced its credibility for cross-border payment solutions and increased investor confidence.
Which institutions are filing for altcoin ETFs?
Leading financial institutions such as Franklin Templeton, Bitwise, and WisdomTree are actively filing for altcoin ETFs, focusing on Solana, XRP, Litecoin, and Hedera.