🚨Chances of approval for the ETF on Litecoin and Dogecoin in the USA have reached 90% and 75%!🚨

📈 What does this mean for cryptocurrencies?
Bloomberg analysts predict that the chances of approval for the Litecoin (LTC) ETF in the coming months are 90%, and for Dogecoin (DOGE) — 75%! This data was provided by analyst James Seyffart. We remind you that he and his colleague Eric Balchunas accurately predicted the launch of spot Bitcoin ETFs in 2024.

🔎 Why is the probability increasing?
The increasing chances of approval are related to changes in the regulatory environment in the USA. The SEC, which is responsible for approving ETFs, is actively conducting preliminary checks on crypto assets, which gives hope for a quick approval.

💥 How does this affect the price?
Against the backdrop of this forecast, Litecoin has risen by 15% in just one day!

⚖️ What about other cryptocurrencies?
Seyffart also noted that applications for ETFs for Solana (SOL) and XRP currently have less than a 70% chance of approval. For XRP, a potential obstacle is the appeal in the SEC case against Ripple Labs.

💡 What’s next?
Seyffart also mentioned that if the Democrats continue to control the situation, the chances of approval for other applications will be significantly lower — except, of course, for Litecoin.

💬 News about Cardano
Another important event is that Grayscale has filed an application to create an ETF for Cardano (ADA), which has also attracted market attention. Cardano rose by 12% in light of this news!

🚀 It will get more interesting!
Following the success of spot ETFs for Bitcoin and Ethereum, more and more companies are applying to create similar funds for cryptocurrencies such as Solana and XRP, as well as multi-currency ETFs, allowing investment in entire baskets of crypto assets. The SEC is currently reviewing more than 10 applications, with decisions expected in 2025.

📉 What does this mean for investors?
Spot ETFs provide an opportunity to invest in cryptocurrency through traditional exchanges like NASDAQ and NYSE, simplifying market access for institutional and retail investors.

❗ Conclusion:
The cryptocurrency market continues to evolve, and each day more assets gain the opportunity to be part of the traditional financial system through ETFs. These changes are expected to lead to price increases in cryptocurrencies and heightened interest from investors.