SEC acknowledgment boosts chances for spot Litecoin ETF, in-kind redemptions for Bitcoin ETF
Analysts see the acknowledgment by the regulator as an important step for an ETF filing approval.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
As tariff threats loom, investors retreat from Bitcoin ETFs, marking a sharp deviation from prior inflows.
Bitwise ETF approval in record time has raised expectations for other crypto-based products.
The Grayscale XRP Trust currently holds $16 million in assets under management, representing 1.2% of the total from XRP ETPs.
Polymarket bettors are confident the SEC will greenlight the Litecoin ETF in 2025.
The move was expected by the market, as Bitwise registered a DOGE trust last week.
Nate Geraci stated that offering memecoin-tied ETFs could be detrimental to an issuer's image.