Bloomberg analysts: The U.S. SEC has not classified Litecoin as a security, and it would not be surprising if a Litecoin ETF is approved first

ChainCatcher news, according to Fortune, since Trump's election, several companies have submitted numerous cryptocurrency ETF applications, including Solana, Dogecoin, and Litecoin, and the cryptocurrency asset management company Grayscale has also applied for an XRP exchange-traded fund.

However, Bloomberg analyst James Seyffart warned not to be overly optimistic at this time, although he believes that the XRP ETF could potentially be approved in 2025, other cryptocurrencies' ETFs may come first. The U.S. Securities and Exchange Commission is currently involved in a lawsuit regarding "whether XRP is a security," and the SEC has never classified Litecoin as a security, so it would not be surprising to see a Litecoin ETF appear first.