ETF Analyst Predicts High Odds of Litecoin and Dogecoin Approval
Odds of a Litecoin (LTC) exchange-traded fund (ETF) going live in the coming months have jumped to over 90%, with dogecoin (DOGE) next at 75%, according to well-followed ETF analyst James Seyffart in an X post late Monday.
Similar Predictions for Bitcoin ETFs
Seyffart made similar predictions for bitcoin (BTC) ETFs before the products went live in 2024. Several providers have filed ETFs for various major tokens in the past year under the Biden administration, with low interest from the U.S. Securities and Exchange Commission (SEC).
Regulatory Climate Shifts Approval Hopes
A shifting regulatory climate has buoyed approval hopes, with the SEC already passing initial checks for certain tokens in the past weeks. The odds of approval for various tokens have increased, with Seyffart stating, “We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.”
Mainstream Expectations
Big implications/expectations in these odds are that Filings will be acknowledged. Likely this week for XRP and Dogecoin. The odds for everything on this list –Aside from maybe Litecoin– would have been VERY very low if Dems were still in control.”
Inflows Expected for Litecoin ETFs
Prospective Litecoin ETFs could see inflows of up to $580 million if investors adopt them at the same rate as the bitcoin ETFs, as CoinDesk previously reported.
Odds for Other Tokens
Odds given by the analyst for XRP and SOL products are under 70% as of Tuesday. Headwinds for XRP products come from a chance of possible appeals of the now-settled SEC’s case against related company Ripple Labs.
Conclusion
In conclusion, the odds of a Litecoin ETF going live in the coming months have increased to over 90%, with Dogecoin next at 75%. The shifting regulatory climate and initial checks by the SEC have buoyed approval hopes for various tokens. The potential inflows for Litecoin ETFs could be substantial, reaching up to $580 million if investors adopt them at the same rate as bitcoin ETFs.
FAQs
Q: What are the current odds of a Litecoin ETF going live?
A: According to James Seyffart, the current odds of a Litecoin ETF going live are over 90%.
Q: What are the current odds of a Dogecoin ETF going live?
A: According to James Seyffart, the current odds of a Dogecoin ETF going live are 75%.
Q: What are the main factors contributing to the shift in regulatory climate?
A: The main factors contributing to the shift in regulatory climate are the recent initial checks by the SEC for certain tokens and the changing political landscape.
Q: What are the potential inflows for Litecoin ETFs?
A: According to CoinDesk, prospective Litecoin ETFs could see inflows of up to $580 million if investors adopt them at the same rate as bitcoin ETFs.
Q: What are the current odds for XRP and SOL products?
A: According to James Seyffart, the current odds for XRP and SOL products are under 70% as of Tuesday.
