Industry Experts Believe XRP, Dogecoin, and Litecoin ETFs Stand a Strong Chance of Gaining Approval.

Analysts Predict Strong Approval Chances for Litecoin and Dogecoin ETFs Amid Regulatory Changes

The likelihood of Litecoin (LTC) exchange-traded funds (ETFs) launching in the near future has surged to over 90%, with Dogecoin (DOGE) following closely at 75%, according to ETF analyst James Seyffart in an X post on Monday evening.

Seyffart, known for his accurate predictions on the approval of Bitcoin (BTC) ETFs in 2024, highlighted a shift in the regulatory environment that is raising the odds for the approval of multiple crypto ETFs. Over the past year, several ETF applications for major digital assets have been filed under the Biden administration, with the U.S. Securities and Exchange Commission (SEC) taking a more cautious stance.

In the last 24 hours, Litecoin saw a 15% increase in value, outperforming Bitcoin’s 2% rise, while Dogecoin also gained 6%.

This shift in regulatory stance has bolstered optimism for the approval of Litecoin and Dogecoin ETFs. Seyffart indicated that filings for these tokens might be acknowledged soon, possibly within the week.

“We are raising the odds of approval for a range of tokens, with a particular focus on Litecoin, Solana, XRP, and Dogecoin,” Seyffart noted. “These odds would have been much lower had the previous administration remained in power.”

Seyffart also predicted that Litecoin ETFs could see inflows of up to $580 million if investors adopt them at a similar rate as Bitcoin ETFs. On the other hand, XRP ETFs face challenges, with approval odds under 70% due to the ongoing SEC case involving Ripple Labs.

The regulatory climate is providing a more favorable environment for the approval of Litecoin and Dogecoin ETFs, increasing the chances of these products going live in the near future.