James Seyffart predicted that the approval of the ETF Litecoin application ($ LTC) would be before the ETF application of $ XRP despite the significant demand of $ XRP on Litecoin.
Most cryptographic companies, including fund managers, are taking advantage of Donald Trump’s procrypto position as much as possible and also in the increase in the dominance of the Trump & Trump family in the cryptographic space through different cryptographic projects .
On January 6, 2025, the popular Digital Assets Fund Administrator Grayscale Investment submitted an application to the United States Stock Exchange and Securities Commission (SEC) to convert its coin trust of $ 16.1 million $ XRP in an ETF product To launch in the New York Stock Exchange.
Many experts predicted that there is a probability of 81% for the approval of this application, but the last prediction of the Bloomberg ETF expert, James Seyffart, lifted eyebrows in the XRP community.
Seyffart predicted that the possibilities of approval of this request for this year are almost confirmed, but said that the ETF Spot of Litecoin can obtain approval before the ETF XRP.
The Bloomberg analyst explained that a significant delay for $ XRP is possible due to the demand of $ XRP, a legal battle between the Blockchain firm based on San Francisco, Ripple and the body of the SEC.
He fixed It is possible that some significant delays for the approval of a $ XRP ETF, since the SEC body called to $ XRP, a security token unregistered several times, but never called Litecoin a security token. Therefore, we should not surprise ourselves if the ETF of Litecoin obtains approval before the ETF XRP.
It is worth taking into account that, with respect to this request, the president of Ripple, Monica Long, said he believes that an ETF XRP is “the next one in line” and will be approved “very soon.”
$ XRP demands
The demand of $ XRP began in December 2020 against Ripple Firm. The body of the SEC alleged that Ripple controls the $ XRP currency, so it was an unregistered security token. In addition, the company and its executives faced accusations of publicly selling $ 1.3 billion in unregistered $ XRP tokens.
After 3 years of a long battle, the SEC Body & Ripple obtained a partial victory in this case and the court judge dismissed the claims of the SEC over the nature of the $ XRP currency. Later, in 2024, the lawyers of the SEC presented an objection against the court ruling to demonstrate that the XRP currency was an unregistered security token.
As we know, the leadership of the SEC agency has changed, since the former president of the SEC, Gary Gensler, resigned in January 2025 and after that, the president of the United States, Trump, appointed Pro-Crypto Mark Uyeda as interim president.
The posture and procrypto posture and speculation about cryptographic products
The interim president of the body of the SEC has been playing its role perfectly for the cryptographic space, as expected. Established a group of cryptocurrencies to create a set of rules and laws for digital assets.
Due to the change in the posture of the SEC regarding cryptocurrencies, recently the Bloomberg ETF expert, Eric Balchunas, predicted that the sec organism cannot postpone the decision for several months with respect to the new applications of cryptographic ETF .
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