CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Will Litecoin Take the Lead in the 'Wild West' for ETFs?
Feb 13, 2025
Cinthia Murphy, an Investment Strategist at TMX VettaFi, brings her expertise to the discussion on the promising landscape for crypto ETFs amidst a more favorable regulatory climate under President Trump. She highlights which cryptocurrencies—Litecoin, XRP, or Doge—are most likely to receive ETF approval first. The conversation also delves into the contrasting institutional interests for Bitcoin and Ethereum versus other altcoins, emphasizing the evolving demands for crypto ETFs and the implications for investors in this dynamic market.
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Crypto ETF filings surge
- Crypto ETF filings are surging after the success of spot Bitcoin ETFs.
- This mirrors typical ETF market behavior where new ideas spur a wave of similar products.
Altcoin ETF Adoption
- Institutional adoption of altcoin ETFs might be slower compared to Bitcoin.
- Due diligence and understanding new cryptocurrencies takes time, as seen with the adoption gap between Bitcoin and Ether ETFs.
ETF Approval Predictions
- Litecoin ETF has a high predicted approval chance (90%), followed by Doge and XRP (70%).
- The current administration's crypto-friendly stance might further accelerate approvals.