Ripple price surged to a record high this week as odds that the Securities and Exchange Commission will approve a spot XRP ETF. JPMorgan analysts anticipates that such an ETF will lead to about $8 billion in inflows in the first year, a move that Messari analysts believe will make XRP a bigger coin than Ethereum. An XRP and Solana ETF approval may lead to other funds. Here are some of the top cryptocurrencies that may have their spot ETF approvals in 2025. Litecoin (LTC) Litecoin price jumped this week and reached its highest level since December 5 as the odds of a spot ETF approval rose. This surge was triggered by comments made by the SEC to Canary’s ETF application. ETF experts believe that the communication between the SEC and Canary is a sign that the agency plans to give an approval soon. A Litecoin ETF is a fairly easy one to receive a nod from the SEC because the cryptocurrency is similar to Bitcoin. It is a Bitcoin hard fork, meaning it is a proof-of-work cryptocurrency and the SEC views it as a commodity. Other similar coins that could have ETF approvals are Bitcoin Cash, Ravencoin, and Ethereum Classic. The main issue with Litecoin is that it is unclear whether institutional investors will be drawn to it because it tends to underperform Bitcoin. Hedera Hashgraph (HBAR) Hedera Hashgraph is another top crypto coin to watch after the XRP ETF approval because it has higher chances of approval. HBAR is a top proof-of-stake coin that has gained popularity among institutions. Companies like Google, Abrdn, IBM, Hitachi, and Nomura have become members of its governance council. Canary has also applied for a spot HBAR ETF and analysts anticipate that it will be approved this year. In a recent note, Eric Balchunas, the senior ETF analyst at Bloomberg, said that the ETF would be approved because the SEC has not viewed it as a security. Like Litecoin, Hedera’s main challenge is that its ecosystem in industries like DeFi is significantly low, making it unattractive to investors. Eric Balchunas @EricBalchunas · Follow We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the btc + eth combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending… 7:58 PM · Dec 17, 2024 3.2K Reply Copy link Read 440 replies Chainlink (LINK) Chainlink is the other top crypto coin to watch after the XRP ETF approval. It is an American cryptocurrency project that plays a crucial role in the industry. It has evolved into the biggest oracle network, linking off-chain data to the on-chain. Key players like AAVE and Compound widely use chainlink. Donald Trump’s World Liberty Financial (WLFI) has invested in Chainlink. Therefore, there is a likelihood that a LINK ETF will be approved and gain substantial assets. The Grayscale LINK Trust has accumulated over $28 million in assets, a sign that there is demand for the token. Read more: Chainlink price prediction: here’s why LINK may surge to $50 soon Stellar (XLM) Stellar is the next top crypto to buy as its ETF approval odds rise. These odds are primarily because Canary has already filed for a spot Stellar ETF. Most notably, Stellar and Ripple are similar assets with one of the closest correlations in the crypto industry. Stellar was founded by Jed McCaleb, a Ripple co-founder and the two networks are in the payment industry. These factors mean the Canary ETF will be approved if the SEC moves ahead with the XRP approval later this year. Other potential crypto coins to watch after the XRP ETF The SEC will likely receive other crypto ETFs if it approves an XRP fund. Most of those to be approved will mostly be those made by American entrepreneurs. These potential funds are Polkadot, Avalanche, Dogecoin, Sui, Shiba Inu, and Uniswap. The post After XRP ETF approval, here are other top crypto coins to watch appeared first on Invezz
