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Bloomberg analysts assessed the likelihood of approval for the Litecoin fund at 90%

Happy Coin News

Published on 02/11/2025, 20:05

Updated on 02/11/2025, 21:05

Bloomberg analysts assessed the likelihood of approval for the Litecoin fund at 90%

© Reuters. Bloomberg analysts assessed the likelihood of approval for the Litecoin fund at 90%

LTC/USD

-0.12%

XRP/USD

-1.51%

DOGE/USD

-1.78%

SOL/USD

-2.65%

Happycoin.club - Bloomberg market analysts James Seyffart and Eric Balchunas believe that this year the chances of approval for an exchange-traded fund based on Litecoin (LTC) are higher than for other crypto funds. They estimate the likelihood of approval for a DOGE-ETF at 75%, for a SOL-ETF at 79%, and for an XRP-ETF at 65%.

Seyffart and Balchunas argue that the path for Litecoin to receive approval from the U.S. Securities and Exchange Commission (SEC) may be the easiest, as the S-1 and 19b-4 forms have already been submitted and confirmed. And the SEC has no complaints regarding the status of the cryptocurrency.

The final deadline for the SEC's decision on ETFs based on Litecoin, Solana, XRP, and Dogecoin is from October 2 to October 18, 2025. However, according to Seyffart, the Litecoin fund may be launched before this time.

The analyst also believes that the Litecoin-based ETF will not generate significant demand from investors.