- Bloomberg ETF analyst James Seyffart highlights Litecoin as the highest contender for ETF approval, with a 90% likelihood.
- Dogecoin and HBAR additionally present robust potential, benefiting from clear regulatory standing.
- XRP’s ETF approval stays unsure on account of ongoing authorized battles with the SEC however is anticipated to achieve approval ultimately.
Bloomberg ETF analyst James Seyffart believes Litecoin has the best chance of securing approval for a spot ETF, amongst all altcoins.
Seyffart shared this attitude in a latest dialogue on the Considering Crypto podcast, giving it a formidable 90% likelihood.
Why Litecoin Leads the Pack
Based on Seyffart, Litecoin stands out with a formidable 90% likelihood of getting authorised.
The important thing cause is Litecoin’s robust place with the SEC, significantly with the Division of Buying and selling and Markets and the Division of Company Finance. This makes Litecoin a frontrunner within the race for ETF approval amongst altcoins.
Different Altcoins with Sturdy Prospects
Seyffart additionally highlighted a number of different altcoins that present promise in securing ETF approval. Dogecoin has a comparatively excessive likelihood of approval as effectively on account of its clear standing…
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