Optimism Drives New Crypto ETF Filings Amid Litecoin Fund Delay
A US spot litecoin ETF will face further delays as the SEC postponed its ruling on Canary Capital's proposal, with a decision expected by October. Despite this, optimism remains for future crypto ETFs.
- Bloomberg analysts estimate a 90% chance of approval for a US spot litecoin ETF by 2025 due to LTC not being classified as a security.
- Spot products for solana and XRP have similarly high approval odds at 90% and 85%, respectively.
- CME Group launched SOL futures contracts in March; XRP futures are set to debut on May 19.
- Canary recently filed for a product that would hold SEI tokens, which have a market cap of approximately $1 billion.
- VanEck proposed an ETF for BNB, the native token of Binance, with a market cap around $87 billion.
- SEC may await legislative guidance rather than evaluating individual assets.