The cryptocurrency market is experiencing a significant surge as the competition for altcoin ETFs intensifies, particularly with the impending departure of Gary Gensler as SEC Chair on January 20, 2025. This pivotal change has put the spotlight on leading cryptocurrencies such as Solana (SOL), XRP, Litecoin (LTC), and Hedera (HBAR). Investors and industry experts are keenly speculating on which altcoin will secure approval following the success of Bitcoin and Ethereum ETFs.
Who’s Next: SOL, XRP, LTC, HBAR
With Bitcoin and Ethereum ETFs paving the way, attention is now turning to altcoin ETFs. Solana (SOL) is emerging as a top candidate due to its rapid transaction capabilities and low fees, making it a favored choice for decentralized applications and NFTs. Simultaneously, Ripple’s (XRP) recent partial victory in its lawsuit with the SEC has renewed interest and optimism for its potential in facilitating cross-border payments.
Bloomberg’s senior ETF analyst, Eric Balchunas, believes new contenders will gain early approval in the ETF race by 2025. He forecasts that Litecoin, given its similarities to Bitcoin, might be among the first to receive approval, with Hedera (HBAR) following closely due to its innovative technology. However, he cautions that Solana and XRP might encounter delays because of ongoing legal challenges.
Institutional Filings for Altcoin ETFs
Several major financial institutions have already submitted applications for altcoin ETFs, demonstrating a growing confidence in forthcoming regulatory approvals. Prominent among them is Franklin Templeton, which has filed for ETFs featuring Solana (SOL) and XRP, underscoring their increasing market adoption and strength.
Similarly, Bitwise, a leading digital asset management firm, is developing a diversified altcoin ETF that prominently includes Litecoin (LTC) and Hedera (HBAR). Additionally, WisdomTree is targeting Solana and Hedera for their robust technical foundations in the decentralized applications space.
Analyst’s Price Predictions For SOL, XRP, LTC, HBAR
Jeff Kendrick, Global Head of Digital Assets Research at Standard Chartered, offers optimistic price forecasts for these altcoins. He anticipates Solana reaching $560 by the end of 2025, driven by its dynamic ecosystem. XRP, benefiting from its partial SEC victory, could see prices climb to $2.50. Litecoin might ascend to $150, capitalizing on its Bitcoin-like properties, while Hedera, with its unique hashgraph technology, is projected to hit $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 is predicted to reach $560, XRP $2.50, Litecoin $150, and 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 bolstered its credibility for cross-border payments, enhancing investor confidence.
Which institutions are filing for altcoin ETFs? Franklin Templeton, Bitwise, and WisdomTree are leading the charge with filings focused on Solana, XRP, Litecoin, and Hedera.
