Litecoin (LTC) Exchange-Traded Fund (ETF) Odds Jump to 90%, Dogecoin (DOGE) Next at 75% as Regulatory Climate Shifts: Analyst

A litecoin (LTC) exchange-traded fund (ETF) is now over 90% likely to launch in the coming months, with a dogecoin (DOGE) ETF following at around 75% odds, according to ETF analyst James Seyffart in an X post on Monday.

This prediction follows Seyffart’s earlier calls on bitcoin (BTC) ETFs before the products launched in 2024. Several providers filed ETFs for various major tokens in the past year, to little interest from the U.S. Securities and Exchange Commission (SEC).

Seyffart's predictions come as the regulatory climate shifts and the SEC has begun to clear initial checks for certain tokens in recent weeks.

Over the past 24 hours, LTC rose by 15%, outpacing BTC's 2% gain, while DOGE increased by 6%.

“We're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now,” said Seyffart, an analyst at Bloomberg Intelligence. “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,” Seyffart added.

If investors embrace the new ETFs at the same rate as the bitcoin ETFs, a prospective litecoin ETF could see inflows of up to $580 million, as previously reported by CoinDesk.

NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now.

Here's the table with the odds and some other details: pic.twitter.com/xaXaNXLb0M

As of Tuesday, the odds of XRP and SOL products are below 70%, according to the analyst.

For XRP products, headwinds include the possibility of appeals in the SEC's now-settled case against affiliate company Ripple Labs.