Odds of a Litecoin (LTC) Exchange-Traded Fund (ETF), which went alive in the coming months, jumped to over 90% with Dogecoin (DOGE) Next with 75% odds, well-felt ETF analyst James Seyffart in an X -In posts late Monday.
Seyffart made similar predictions for Bitcoin (BTC) ETFs before the products went alive in 2024. Several providers have submitted ETFs for various larger tokens in the past year under the Biden -Administration to low interest from the US Securities and Exchange Commission ( SEC).
LTC has increased by 15% over the last 24 hours and beats a 2% increase in Bitcoin (BTC) with DOGE increased 6%.
However, a changing legislative climate has bent approval hopes, with SEC, which has already passed preliminary checks for certain tokens in recent weeks.
“We put relatively high odds for approval everywhere. Mainly focused on Litecoin, Solana, XRP and Dogecoin for now, ”said Bloomberg Intelligence’s Seyffart. “Big implications/expectations in these odds are that archives will be recognized. Probably this week for XRP and Dogecoin. “
“The odds of everything on this list-with-page from maybe Litecoin-Ville have been very very low if Dems were still in control,” added Seyffart. Potential Litecoin ETFs could see the influx of up to $ 580 million if investors adopt them at the same speed as Bitcoin ETFS, as Coindesk previously reported.
Odds given by analyst XRP and SOL products are less than 70% from Tuesday. Headwind for XRP products comes from a chance of possible appeals of the now-disposed SEC’s case against the related company Ripple Labs.
