According to Bloomberg ETF analysts, there is a 90% chance that the SEC will approve a spot Litecoin ETF before the end of the year.
This probability is higher than that of other proposed XRP, Solana and Dogecoin ETFs, which are estimated to have a 65%, 70% and 75% chance, respectively.
Litecoin, which was originally created as a faster alternative to Bitcoin in 2011, shares a similar proof-of-work consensus mechanism to Bitcoin.
Bloomberg analysts say Litecoin's path to SEC approval may be simpler, as Forms S-1 and 19b-4 have already been filed and acknowledged, and the SEC considers it a commodity.