Odds of A Litecoin (LTC) Exchange-Trauded Fund (ETF) Going Live in the Coming Months Jumped to Over 90% With Dogecoin (Doge) Next at 75% Odds, Well-Followed Etf Analyst James Seyffart Said in An x Post Monday .
Seyffart made similar forecasts for Bitcoin ETF (BTC) before the products were posted in 2024. Several providers have deposited FNB for various major tokens in the past year under the Biden administration to a low Interest of the American Securities and Exchange commission (SEC).
LTC increased by 15% in the last 24 hours, beating a 2% increase in Bitcoin (BTC), with DOGE up 6%.
However, a changing regulatory climate has obtained hopes of approval, the SEC has already succeeded in the initial checks of certain tokens in recent weeks.
“We put relatively high chances of approval in all areas. Mainly focused on Litecoin, Solana, XRP and Dogecoin, ”said Seyffart de Bloomberg Intelligence. “The major implications / expectations in these chances are that the deposits will be recognized. Probably this week for XRP and Dogecoin. »»
“The chances of everything on this list – like perhaps Litecoin – would have been very very low if the DEMS were still in control,” added Seyffart. The potential ETFs of Litecoin could see entries up to $ 580 million if investors adopt them at the same rate as the Bitcoin ETF, as reported by Coindesk previously reported.
The dimensions given by analyst XRP and Sol Products are less than 70% Tuesday. The opposite winds for XRP products come from a risk of possible calls from the dry affair now established against the company related Ripple Labs.
