#LitecoinETF

Litecoin may become the third cryptocurrency after Bitcoin and Ethereum to launch an ETF in the US.

According to Bloomberg analyst Eric Balchunas, the LTC-ETF will most likely be the next fund registered by the Commission. His colleague James Seyffarth also believes that the LTC-ETF will be approved before the XRP-based instrument, given the ambiguous status of the Ripple asset in the US.

In March 2024, the CFTC declared Litecoin a commodity as part of a lawsuit with the KuCoin exchange, which triggered a daily increase of 11% in the cryptocurrency. This status gives LTC an advantage in terms of potential resistance from the regulator.