Experts See Strong Likelihood for XRP, Dogecoin, and Litecoin ETFs to Receive Approval.

Analysts Project High Likelihood of Litecoin and Dogecoin ETF Approvals Amid Regulatory Shifts

The odds of a Litecoin (LTC) exchange-traded fund (ETF) launching soon have surged to over 90%, while Dogecoin (DOGE) follows closely at a 75% chance, according to well-known ETF analyst James Seyffart in an X post on Monday.

Seyffart, who made accurate predictions regarding Bitcoin (BTC) ETFs ahead of their successful launches in 2024, noted that the current regulatory climate has been favorable, improving the chances of approval for several cryptocurrency ETFs. Over the past year, multiple ETF applications for major tokens have been submitted under the Biden administration, though interest from the U.S. Securities and Exchange Commission (SEC) has been relatively cautious.

In the past 24 hours, Litecoin saw a 15% surge, outperforming Bitcoin, which gained 2%, while Dogecoin increased by 6%.

Seyffart highlighted that the SEC’s recent actions, including the approval of initial checks for certain tokens, have bolstered the hope for more approvals, including Litecoin and Dogecoin ETFs, in the near future.

“We are putting relatively high odds of approval across the board, particularly for Litecoin, Solana, XRP, and Dogecoin,” Seyffart shared. He also stated that filings for XRP and Dogecoin could be acknowledged as early as this week. “These odds would have been much lower had the previous administration remained in power.”

For Litecoin, Seyffart projects potential ETF inflows of up to $580 million, assuming it gains traction similar to Bitcoin ETFs. However, XRP and Solana’s ETF products still face obstacles, with the odds for XRP ETFs currently under 70% due to potential appeals from the ongoing SEC case involving Ripple Labs.

The changing regulatory environment has improved prospects for Litecoin and Dogecoin ETFs, positioning these tokens favorably in the race for approval.