Analysts Give XRP, Dogecoin, Litecoin ETFs ‘High Odds’ of Approval

ETF Approval Odds Rise for Litecoin and Dogecoin

ETF analyst James Seyffart has projected that the likelihood of a Litecoin (LTC) exchange-traded fund (ETF) being approved in the coming months has surged to over 90%. Dogecoin (DOGE) follows closely behind with a 75% probability.

Seyffart made similar predictions for Bitcoin (BTC) ETFs prior to their launch in 2024. Despite low interest from the SEC in the past year, multiple providers have submitted ETF applications for major cryptocurrencies.

LTC has outperformed BTC, rising 15% in the past 24 hours, while DOGE has gained 6%. Recent regulatory shifts have boosted approval hopes, with the SEC conducting initial reviews for certain tokens.

"Our estimates indicate a high probability of approval across the board, particularly for Litecoin, Solana, XRP, and Dogecoin," said Seyffart. "We anticipate that filings for XRP and Dogecoin will be acknowledged this week."

Seyffart emphasized that these odds would have been significantly lower under Democratic control. Prospective Litecoin ETFs could attract inflows of up to $580 million if investor adoption mirrors that of Bitcoin ETFs.

As of Tuesday, XRP and SOL products have odds below 70%. XRP faces potential headwinds if Ripple Labs appeals the settled SEC lawsuit.