Bloomberg analyst: US SEC does not call Litecoin a security, and would not be surprised if Litecoin ETF is approved first

Odaily reported that since Trump's election, many companies have submitted applications for crypto ETFs, including , , and . Crypto asset management firm Grayscale has also applied for an exchange-traded fund. However, Bloomberg analyst James Seyffart warned against being too optimistic, as he believes an ETF may be approved by 2025, while other crypto ETFs may come first. This is due to the ongoing lawsuit between the U.S. Securities and Exchange Commission and the claim that is a security, while the SEC has never classified as a security, so it would not be surprising to see a ETF emerge first.