Analysts raise the likelihood of SEC approving ETFs for Litecoin and XRP to 95% this year, which may lead to increased institutional investments in these cryptocurrencies.
Likelihood of ETF Approval for Litecoin and XRP
Senior ETF analysts James Seyffart and Eric Balchunas have raised the probability of SEC approval for Litecoin (LTC) and XRP ETFs to 95% in 2025. They believe positive regulatory interactions support this likelihood.
Market Impact and Previous Experience
The anticipated approval is expected to lead to increased institutional capital inflows into Litecoin and XRP, potentially replicating the positive price effects seen with Bitcoin and Ethereum ETFs. Analysts emphasize that ETF approval could bolster market confidence in Litecoin and XRP, mirroring previous ETF-related rallies.
Current State of the Cryptocurrency Market
According to CoinMarketCap, Litecoin (LTC) currently trades at $86.50 with a market cap of $6.58 billion. In the last 24 hours, its trading volume was $350.24 million, reflecting a 14.49% change.
Thus, the expectations for ETF approval for Litecoin and XRP create an optimistic outlook in the market, based on past experiences with Bitcoin and Ethereum.
