Litecoin, Dogecoin Pump As Analysts Project $LTC, $DOGE ETFs Have Highest Odds Of SEC Approval

Representation of a physical Litecoin coin (Credit: Michael Förtsch/Unsplash)

KEY POINTS

• Seyffart and Balchunas noted that the SEC may 'likely' view $LTC and $DOGE as commodities, not securities
• The analysts project $SOL ETFs have 70% odds of getting SEC approval, while $XRP ETFs have 65% approval odds
• Odds of approval may increase as the filings go through the arduous SEC approval process: Balchunas

Bloomberg senior exchange-traded fund (ETF) analysts James Seyffart and Eric Balchunas projected that Litecoin (LTC) and Dogecoin (DOGE) ETFs have the highest chances of getting approved, especially LTC ETFs.