4 months ago
Odds of a litecoin (LTC) exchange-traded money (ETF) going unrecorded successful the coming months jumped to implicit 90% with dogecoin (DOGE) adjacent astatine 75% odds, well-followed ETF expert James Seyffart said successful an X station precocious Monday.
Seyffart made akin predictions for bitcoin (BTC) ETFs earlier the products went unrecorded successful 2024. Several providers person filed ETFs for assorted large tokens successful the past twelvemonth nether the Biden medication to debased involvement from the U.S. Securities and Exchange Commission (SEC).
LTC is up 15% successful the past 24 hours, beating a 2% summation successful bitcoin (BTC), with DOGE up 6%.
A shifting regulatory clime has buoyed support hopes, however, with the SEC already passing archetypal checks for definite tokens successful the past weeks.
“We're putting retired comparatively precocious likelihood of support crossed the board. Mainly focused connected Litecoin, Solana, XRP, and Dogecoin for now,” Bloomberg Intelligence’s Seyffart said. “Big implications/expectations successful these likelihood are that Filings volition beryllium acknowledged. Likely this week for XRP and Dogecoin.”
“The likelihood for everything connected this database --Aside from possibly Litecoin-- would person been VERY precise debased if Dems were inactive successful control,” Seyffart added. Prospective litecoin ETFs could spot inflows of up to $580 cardinal if investors follow them astatine the aforesaid complaint arsenic the bitcoin ETFs, arsenic CoinDesk previously reported.
Odds fixed by the expert XRP and SOL products are nether 70% arsenic of Tuesday. Headwinds for XRP products travel from a accidental of imaginable appeals of the now-settled SEC’s lawsuit against related institution Ripple Labs.
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