Litecoin price soars 12% as analysts rank it most likely for ETF approval

The prices of Litecoin, Dogecoin, Solana and XRP are in the Green after analysts James Seyffart and Eric Balchunas published their ETF approval ratings. Litecoin, who had a 90% chance of dry approval, leads the gains with an increase of 12%, reflecting his highest chances of FNB approval.

Analysts James Seyffart and Eric Balchunas recently have released Their classification on the probability of several funds negotiated on the stock market Altcoin receiving the approval of the American Securities and Exchange committee. After this evolution, Litecoin (Thal), classified as the first candidate for approval Crypto.News. Dogecoin (DOGE), with the second highest chances, won 5.7%, while Solana (GROUND) and undulation (Xrp), which has received lower approval probabilities, climbed 0.3% and 2.7% respectively.

The justification behind the approval ratings of the ETF of Seyffart and Balchunas

Like Balchunas note Earlier, Litecoin leads to the list with a chance of 90% due to his Bitcoin fork status, which the dry considers as a commodity. Given the similarities of Litecoin with Bitcoin, analysts think that it could be classified in the same regulatory framework, improving its chances for FNB approval.

The chances of Dogecoin (75%), however, surprised a lot. Although it is a piece of memes, Seyffart and Balchunas gave it a greater chance of approval than Solana and XRP. Seyffart explain This is due to the evolutionary position of the dry on cryptographic assets as part of the new working group on the crypto of Hester Peirce.

The Peirce working group focuses on the clarification of the classification of cryptographic assets – whether treated as titles or basic products. Seyffart notes that at the end of 2025, SEC, through this working group, should answer some of the current legal questions surrounding the regulatory treatment of cryptocurrencies. “The working group on the Crypto of the Sec and Commissioner Peirce will unravel some of the security implications against raw materials of the proceedings by the end of 2025,” he wrote.

If the dry decides that certain cryptographic assets, such as Dogecoin, should be classified as raw materials (instead of securities), the regulatory charge on them was breastfeeding. This change could move their SEC surveillance to the Commodity Futures Trading Commission (CFTC), which is generally considered to be more indulgent in its basic products regulation. Because Dogecoin would probably rest in this classification of basic products, its approval prospects are stronger.

However, Solana does not currently benefit from the same regulatory treatment as Bitcoin or Dogecoin, which means that it could face more important obstacles to receive the approval of an ETF (70% of approval).

Ripple’s situation is even more controversial because it is always involved in a legal battle with the dry, weakening the chances of an XRP ETF (65% of approval). The result of the trial could have an impact on the classification of XRP and its eligibility for an FNB.