6 months ago
25
Litecoin (LTC) has been connected a beardown upward trend, rising 12.88% successful conscionable 1 time to deed $139.41. Over the past week, it’s gained 18%, and the buzz astir imaginable Litecoin ETFs seems to beryllium driving this surge.
Source: CoinMarketCapWith a marketplace headdress of $10.53 cardinal and 24-hour trading measurement spiking 70.94%, valued astatine $1.86 billion, it’s evident that investors are paying adjacent attraction to Litecoin close now.
On February 10, Nasdaq applied with the U.S. Securities and Exchange Commission (SEC), hoping to database 2 caller cryptocurrency ETFs from CoinShares, 1 for Litecoin and different for XRP. This filing is simply a important measurement toward launching caller crypto-related fiscal products.
There’s been increasing optimism astir a Litecoin spot ETF. Bloomberg analysts are predicting that a Litecoin ETF could person a amended accidental of getting approved successful 2025 than different crypto funds, and that outlook has dispersed connected societal media, adding to the bullish sentiment driving LTC’s price.
This isn’t the archetypal ETF-related filing. Back connected January 25, Grayscale Investments and CoinShares filed with the SEC for aggregate cryptocurrency ETFs, including Litecoin. These ETFs could springiness investors a regulated mode to summation vulnerability to integer assets without owning them outright.
Overseas, participate Monochrome Asset Management. They person submitted a draught exertion for the Monochrome Litecoin ETF (LTCC) successful Australia, designed to connection entree to Litecoin successful much regulated environments. This would complement their existent Bitcoin ETF (IBTC) and Ethereum ETF (IETH).
Given each these developments, it is hardly astonishing that Litecoin is connected the rise. This could beryllium an indicator of much attraction and terms enactment in the aboriginal of Litecoin if these ETF filings spell through.
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