Bloomberg ETF Analyst: Approval of Solana or XRP ETF is just a matter of time

PANews reported on January 17th that Bloomberg ETF analyst James Seyffart tweeted that the Litecoin ETF applied for by Canary may have a better chance of getting approval from the US SEC than other crypto asset ETFs, mainly because Litecoin has not been recognized as a security by the SEC. He pointed out that the SEC has not yet accepted recent applications for Solana ETFs, but believes it is only a matter of time before Solana or XRP ETFs are approved.

Currently, Nasdaq has submitted a 19b-4 file to apply for listing and trading Canary's Litecoin ETF, and the market is paying attention to whether the SEC will formally accept this application.