Analysts Predict High Odds for Litecoin and Dogecoin ETFs, Boosted by Regulatory Shifts
The probability of a Litecoin (LTC) exchange-traded fund (ETF) becoming a reality in the near future has surged to over 90%, with Dogecoin (DOGE) following closely at a 75% chance, according to prominent ETF analyst James Seyffart in an X post on Monday.
Seyffart, who made similar forecasts for Bitcoin (BTC) ETFs before their successful launch in 2024, emphasized that the growing regulatory momentum has improved the odds of approval for various cryptocurrency ETFs. Over the past year, multiple providers have filed for ETFs tied to major tokens, although interest from the U.S. Securities and Exchange Commission (SEC) has been relatively lukewarm under the Biden administration.
In the last 24 hours, Litecoin has gained 15%, outperforming Bitcoin, which saw a 2% increase, while Dogecoin rose by 6%.
Seyffart pointed out that the shifting regulatory landscape is playing a key role in boosting ETF approval prospects. The SEC has already passed initial checks for certain tokens in recent weeks, raising hopes for more approvals in the coming months.
“We’re putting out relatively high odds of approval across the board, focusing primarily on Litecoin, Solana, XRP, and Dogecoin,” said Seyffart, adding that filings for XRP and Dogecoin could be acknowledged as early as this week. “These odds have risen significantly compared to what they would have been under the previous administration.”
For Litecoin, potential ETF inflows could reach as high as $580 million if investor adoption mirrors that of Bitcoin ETFs, as previously reported by CoinDesk. However, while Litecoin’s odds are strong, products tied to XRP and Solana (SOL) still face challenges. The odds for XRP ETFs are under 70%, with potential appeals in the wake of the recently settled SEC case against Ripple Labs posing a headwind.
Overall, the shifting regulatory environment has positioned several tokens, especially Litecoin and Dogecoin, in a favorable position for ETF approval in the near future.
