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According to Bloomberg ETF analyst Eric Balchunas, Litecoin’s ETF case “has all the boxes checked” and it could become the next crypto ETF after Bitcoin (BTC) and Ethereum (ETH).
“The first altcoin ETF of 2025 is about to be scheduled. I also don’t see any reason why this would be withdrawn, given that the SEC has commented on the S-1. Litecoin is considered a commodity and there’s a new SEC sheriff in town,” Balchunas declared.
The analyst’s speculation comes amid reports that the Trump administration will likely approve more altcoin ETFs, with a focus on Solana (SOL) and Ripple (XRP).
However, the frenzy around the upcoming crypto ETF that will debut on US markets has sparked debate over whether Dogecoin (DOGE), which is the 7th largest cryptocurrency by market capitalization, is being overlooked.
& nbspDebate around a Dogecoin ETF
ETF Store President Nate Geraci expressed shock at the absence of any filings submitted by issuers seeking to list a spot Dogecoin ETF. In an article X, Geraci noted that this ETF had a high chance of being approved under the Trump administration.
“I remain shocked that no issuer has filed for a Dogecoin ETF… Best case scenario, you get an extremely lenient SEC approving it, with Elon touting it,” he said. said.
McKay Research founder James McKay agreed with the feeling that the meme coin would be part of the conversation within the US government for the next four years due to the Musk-led Department of Government Effectiveness (DOGE).
“DOGE will be part of the national conversation for the next 4 years minimum through the federal government, which is a 2-to-1 pump given that the guy who runs the department is also pushing crypto,” McKay said.
However, Geraci noted that one of the worst-case scenarios regarding this ETF was high marketing expenses. Indeed, unlike Litecoin, DOGE is a meme coin subject to high volatility. Therefore, investors looking to mitigate the volatility risk of crypto assets might avoid a Dogecoin ETF.