Odds of more crypto ETFs increasingPresident Donald Trump's pro-crypto administration has significantly increased expectations for new possibilities in the crypto world, including the addition of more spot crypto ETFs. Spot crypto ETFs mirror the price of one cryptocurrency by actually buying and storing the cryptocurrency and then issuing a certain number of shares based on the number of tokens they own. ETFs are considered very liquid, so crypto spot ETFs are likely to increase overall exposure to a token.Recently, the well-known crypto investment firm Grayscale filed an application to list a Cardano ETF on the New York Stock Exchange, surprising some who didn't consider such an ETF a possibility. Additionally, analysts from Bloomberg Intelligence are now placing high odds of firms rolling out crypto ETFs for Litecoin and even Dogecoin.James Seyffart, a Bloomberg Intelligence ETF analyst who correctly predicted spot Bitcoin ETFs, recently said he sees a 90% chance of a Litecoin ETF over the coming months and a 75% chance for a Dogecoin ETF."We're putting out relatively high odds of approval across the board. Mainly focused on Litecoin, Solana, XRP, and Dogecoin for now," Seyffart said. "Big implications/expectations in these odds are that Filings will be acknowledged. Likely this week for XRP and Dogecoin."
