#LitecoinETF

Litecoin increased by 46% between February 2 and February 19, demonstrating growing investor interest. Part of this growth comes from "its strong increase in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 days".

Litecoin had around $2.8 billion in daily transaction volume at the end of August, so current levels represent a 243% increase in five months. Additionally, LTC prices have doubled since early November, outperforming the overall cryptocurrency market, which has experienced gains of 42% during the same period.

The Securities and Exchange Commission published a receipt on February 19 for a rule change for the listing of the CoinShares spot Litecoin ETF on Nasdaq.

For its part, the Litecoin ETF from Canary Capital was listed in the Depository Trust and Clearing Corporation (DTCC) system with the ticker LTCC on February 20.

The DTCC is a key piece of global financial markets and processes trillions of dollars in securities transactions every day, explained the Litecoin Foundation, which added: "It is a key preparatory step for the potential launch of the fund".

Bloomberg ETF analyst Eric Balchunas warned that this does not mean the product is approved or ready to start trading, "but it shows that the issuer is making preparations for when it is." He added that analysts' odds of it being approved this year remain at 90%.