Similarly, HBAR has not been classified as a security, positioning it as a candidate for faster approval.
For that reason Balchunas sees SOL and XRP ETFs possibly facing delays, given their ongoing legal and regulatory challenges.
Both tokens have been labeled securities in pending lawsuits, complicating their approval process.
"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," Balchunas said, referencing his colleague James Seyffart‘s outlook.
Also Read: XRP Price Up 4% As Ripple Announced RLUSD Launch For Tuesday
Why It Matters: The comments reflect growing optimism for broader cryptocurrency ETF adoption, particularly as regulatory clarity improves in the United States.
With Bitcoin and Ethereum ETFs already approved this year, industry analysts expect a new wave of products to meet rising investor demand for diversified exposure to digital assets.
As institutional interest in cryptocurrencies strengthens, analysts anticipate ETF approvals to play a key role in accelerating mainstream adoption.
Read Next:
Image: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
