According to ETF analyst James Seyffart, the chances of a Litecoin exchange-traded fund (ETF) becoming available in the near future are over 90%, with Dogecoin following closely with 75% odds.
Seyffart previously predicted the approval of Bitcoin ETFs before they went live in 2024. Despite a low level of interest from the US Securities and Exchange Commission (SEC), several providers have filed ETFs for various major tokens in the past year under the Biden administration.
In the past 24 hours, LTC has seen a 15% increase, surpassing BTC’s 2% rise, while DOGE has increased by 6%. The potential for approval has been further bolstered by recent regulatory developments, as the SEC has already passed initial checks for certain tokens in recent weeks.
Seyffart stated:
“We’re putting out relatively high odds of approval across the board, mainly focused on Litecoin, Solana, XRP, and Dogecoin for now. These odds suggest that the filings will be acknowledged, likely this week for both XRP and Dogecoin.”
