Nate Geraci, one of the leading ETF analysts, has predicted that a spot-based XRP ETF will end up being approved this year.
As reported by U.Today, Ripple President Monica Long recently stated that XRP would be next in line to get a spot ETF approved by the SEC following Bitcoin and Ethereum.
There are several pending XRP ETF applications from such players as WisdomTree, Bitwise, Canary Capital, and 21Shares.
Last year, Ripple CEO Brad Garlinghouse repeatedly stated that the approval of such a product was "inevitable."
Gamza KhanzadaevHowever, BlackRock has so far ruled out exploring additional altcoin ETFs despite the stunning success of its Bitcoin-based product. According to data provided by analytics platform SoSoValue, BlackRock's Bitcoin ETF boasts nearly $53 billion in total assets. As reported by U.Today,
Regulatory uncertainty
On top of that, Geraci also expects the agency to green-light multiple Solana-based ETFs. The SEC has so far refrained from approving multiple applications with this token, but this could change under the incoming administration.
With that being said, Bloomberg's Eric Balchunas recently opined that Litecoin (LTC) or Hedera (HBAR) tokens might get U.S.-based spot ETFs before XRP. The analyst noted that the token was still facing regulatory uncertainty after Ripple's legal battle with the SEC.
Even though the SEC is widely expected to drop the Ripple case under the incoming crypto-friendly administration, some believe that the agency might not necessarily give the industry a free pass.
Solana was also named as a security in the SEC's lawsuits against Coinbase and Binance.
Alex Dovbnya
Dan Burgin
Vladislav Sopov