News View Non-AMP

Litecoin ETF Nears Approval, but Why is Solana ETF Delayed?

Published by
Mustafa Mulla

With a major leadership change coming at the SEC, the fate of crypto ETFs is now hanging in the balance. As Gary Gensler prepares to step down as SEC chair in just 3 days, the market is on edge, wondering how the new leadership will impact the approval process for key assets like Solana, Litecoin, and XRP.

Recent reports suggest that while Solana’s ETF has faced a setback, Litecoin is showing signs of a potential breakthrough. Could 2025 be the year Litecoin becomes the first altcoin to secure approval?

Keep reading to find out what’s next for these highly anticipated crypto ETFs.

Solana’s ETF Setback: What Happened?

Fox journalist Eleanor Terrett reported that Solana’s ETF had attracted attention from SEC staff, but its 19b4 filings were rejected a few weeks ago, while Gary Gensler was still in charge. This setback has left many wondering if the leadership change could alter the outcome for Solana’s ETF application.

With gary gensler stepping down on January 20, the incoming SEC chair could have a big impact on the approval process for these crucial crypto ETFs. The next few weeks will be key to understanding how the new leadership handles these high-stakes decisions.

Litecoin’s ETF: Closer to Approval?

On the other hand, Bloomberg Senior ETF Analyst Eric Balchunas revealed that the SEC had provided feedback on Litecoin’s S-1 filing, which points to the likelihood of Litecoin’s ETF getting approved soon.

Balchunas had predicted that Litecoin would be the next coin to receive ETF approval, and it seems that prediction is becoming more likely. Still, the new SEC chair’s arrival could play a significant role in the final decision.

The positive momentum for Litecoin comes after Canary Capital filed an updated S-1 form on Wednesday, taking the first step in registering its Litecoin ETF with the SEC.

What’s Next for XRP and Solana?

Both XRP and Solana have faced delays in the approval of their ETFs, but there is still hope. The upcoming leadership change at the SEC could bring a fresh perspective, which might help move these applications forward.

If these ETFs are approved, they could bring more institutional interest to the cryptocurrency market, potentially boosting overall growth. The coming weeks will be crucial in determining the future of Solana, Litecoin, and XRP ETFs.

The clock is ticking. We’ll have to wait and see what happens in the days ahead.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Top 3 Memecoins to Buy: Are PEPE, WIF, and FLOKI Ready to Explode?

Memecoins have been patiently waiting for a market mania reminiscent of their earlier peaks. While…

May 29, 2025

Bitcoin Price Shows Strength as BCMI Signals Early Accumulation Phase

A new update from crypto analyst Woominkyu highlights a sharp rebound in the Bitcoin Combined…

May 29, 2025

Pakistan to Launch Bitcoin Strategic Reserve, Inspired by U.S. Crypto Moves

From political tensions, financial distress, to border issues with India, Pakistan is juggling its own…

May 29, 2025

$750K in One Day—Bitcoin Pepe 72 Hours from Tier 1 Launch Frenzy

Meme season is back—and it’s not on Ethereum or Solana. It’s about to happen for…

May 29, 2025

5 Best Meme Coins to Buy and Hold for Long Term Include a Presale That’s Just Getting Started

What if you could go back in time and catch SHIB or DOGE before they…

May 29, 2025

Peter Schiff Blames Himself for Bitcoin Boom: “You Buy Every Time I Say Don’t”

Peter Schiff is many things, but one of the most prominent well-known characteristics is his…

May 29, 2025