Analysts Predict Strong Approval Chances for Litecoin and Dogecoin ETFs Amid Regulatory Shifts

Litecoin (LTC) exchange-traded funds (ETFs) have a high likelihood of being approved, with odds now standing at over 90%, while Dogecoin (DOGE) follows closely at 75%, according to ETF analyst James Seyffart in a post on X late Monday.

Seyffart, who previously accurately forecasted the approval of Bitcoin (BTC) ETFs in 2024, pointed to a changing regulatory environment that has improved the odds for approval of multiple crypto ETFs. Over the past year, various ETF applications for major cryptocurrencies have been filed under the Biden administration, though the U.S. Securities and Exchange Commission (SEC) has shown a cautious approach.

In the last 24 hours, Litecoin saw a 15% increase, outperforming Bitcoin’s modest 2% rise, while Dogecoin gained 6%.

The SEC’s recent progress in accepting initial filings for certain tokens has raised optimism for more approvals, especially for Litecoin and Dogecoin ETFs. Seyffart indicated that filings for both tokens could receive acknowledgment as early as this week.

“We’re raising the odds of approval for several tokens, with a strong focus on Litecoin, Solana, XRP, and Dogecoin,” Seyffart remarked. “These odds would have been much lower if the prior administration had stayed in power.”

Seyffart also projected potential ETF inflows for Litecoin of up to $580 million, should the asset gain popularity at the same rate as Bitcoin ETFs. Meanwhile, the likelihood for XRP ETFs remains under 70%, mainly due to the ongoing SEC litigation involving Ripple Labs.

The shifting regulatory landscape has paved the way for an improved outlook on Litecoin and Dogecoin ETFs, with both assets now more likely to secure approval in the coming months.