These Two Altcoins are One Step Closer to Spot ETF! Official Application Came from Nasdaq!

After Donald Trump's victory, altcoin ETF applications are increasing, and there is growing expectation that the new SEC administration will approve these applications.

At this point, Nasdaq filed 19b-4 forms with the US SEC for CoinShares' XRP and Litecoin ETFs. If approved by the SEC, the shares of this ETF can be traded on Nasdaq.

This development strengthens expectations that Litecoin may receive spot ETF approval, according to Bloomberg analysts, who state that Litecoin is the strongest candidate to receive spot ETF approval after Bitcoin and Ethereum.

Analysts point out that their predictions are based on Litecoin's similarity to Bitcoin and its classification as an unsecured asset.

Litecoin (LTC) While Bitcoin is seen as a faster and lower-cost alternative, XRP stands out for its use in payment systems and digital financial transactions, and it is expected that these Litecoin and XRP ETFs will offer a great opportunity for cryptocurrency investors. XRP and LTC ETFs, which are two important assets, are also expected to usher in a new era in the market.

At the end of January, CoinShares' Litecoin and XRP ETF application attracted attention, while most recently, Grayscale's move to convert its Litecoin Trust to a spot ETF on February 7 also made a big splash.

Litecoin, which is among the top 20 cryptocurrencies according to market value, continues to trade at $117 with a 10.6% increase in the last 24 hours.