Litecoin and Cardano saw double-digit gains, with Litecoin rising 11% above $128 and Cardano jumping 16% past $0.81. In contrast, Bitcoin and Ethereum recorded only minor increases. The surge is driven by growing optimism surrounding crypto ETF approvals, with analysts highlighting increased chances for Litecoin, Solana, XRP, and Dogecoin ETFs.
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Bloomberg analysts estimate a 90% chance of approval for Litecoin ETFs filed by Canary Capital and Grayscale, while Solana and XRP ETFs have 70% and 65% approval odds, respectively. A recent filing for a spot Cardano ETF by NYSE Arca on behalf of Grayscale has further fueled market optimism, signaling potential institutional adoption of non-Bitcoin cryptocurrencies.
Experts note that regulatory shifts under President Trump’s administration are creating a more crypto-friendly environment, reducing previous hurdles for ETF approvals. This policy change is boosting investor confidence, with issuers increasingly eager to introduce spot ETFs for a wider range of digital assets.
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