🚀 Litecoin( $LTC ) ETF Gains Momentum as SEC Review Begins! 🚀
The U.S. SEC has officially acknowledged CoinShares’ spot Litecoin ETF, a major step toward regulatory approval. The Nasdaq Stock Market LLC submitted the filings on behalf of CoinShares, with the SEC opening a 21-day public comment period.
This marks the third spot Litecoin ETF under SEC review, following applications from Canary Capital and Grayscale. The decision process could take up to 240 days, meaning a final ruling is expected by September 2025.
🔥 90% Approval Odds – A Game Changer?
According to Bloomberg senior ETF analyst Eric Balchunas, Litecoin’s spot ETF has a 90% chance of approval in 2025. This aligns with growing institutional interest in crypto ETFs after the success of Bitcoin spot ETFs.
However, Bloomberg’s James Seyffart warns that a Litecoin ETF might struggle to attract strong demand despite its high approval odds.
📈 Litecoin Open Interest Hits 4-Year High
In response to ETF speculation, Litecoin’s open interest (OI) surged to $758.9 million on Feb. 19, the highest since May 2021. This suggests futures traders are positioning for a rally, anticipating increased demand if the ETF is approved.
With SEC approval on the horizon and trading activity rising, Litecoin could be setting up for a major price move.
Will this ETF be the catalyst for Litecoin’s next big rally? The market is watching—are you ready? 👀