XRP, Dogecoin, Litecoin ETFs: The SEC’s Newest Comedy Show 🎭

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In the grand theater of financial speculation, where the actors are cryptocurrencies and the audience is the ever-hopeful investor, the latest act is one of high drama and even higher odds. The stage is set, the players are ready, and the SEC, that ever-cautious director, is finally showing signs of loosening its grip. 🎬

James Seyffart, a well-followed ETF analyst, has taken to the digital stage with a prediction that would make even the most stoic of investors raise an eyebrow. The odds of a Litecoin (LTC) exchange-traded fund (ETF) going live in the coming months are as high as 90%, with Dogecoin (DOGE) trailing at a respectable 75%. Seyffart, who has previously made similar predictions for Bitcoin (BTC) ETFs before their debut in 2024, seems to have a knack for calling the shots in this unpredictable market. 🎰

Litecoin, that perennial underdog, has seen a 15% surge in the past 24 hours, outpacing Bitcoin’s modest 2% increase. Dogecoin, the meme coin that refuses to die, is up 6%. The shifting regulatory climate, like a fickle breeze, has buoyed hopes of approval, with the SEC already passing initial checks for certain tokens in the past weeks. 🌬️

“We’re putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now,” Seyffart said, with the confidence of a man who has seen it all. “Big implications/expectations in these odds are that filings will be acknowledged. Likely this week for XRP and Dogecoin.”

He added, with a touch of sarcasm, “The odds for everything on this list—aside from maybe Litecoin—would have been VERY very low if Dems were still in control.” Prospective Litecoin ETFs could see inflows of up to $580 million if investors adopt them at the same rate as the Bitcoin ETFs, as CoinDesk previously reported. 💰

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:

— James Seyffart (@JSeyff) February 10, 2025

As of Tuesday, the odds given by the analyst for XRP and SOL products are under 70%. Headwinds for XRP products come from a chance of possible appeals of the now-settled SEC’s case against related company Ripple Labs. The plot thickens, as they say, and the audience waits with bated breath for the next act in this financial drama. 🍿

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2025-02-11 10:24