#LitecoinETF There has been a significant increase in activity around Litecoin recently, with the prospect of an exchange-traded fund (ETF) based on this cryptocurrency being approved in the United States. The volume of daily transactions on the Litecoin network has reached $9.6 billion, which represents a 243% increase over the past five months.
One of the key developments was the addition of Canary Capital's Litecoin spot ETF to the Depository Trust and Clearing Corporation (DTCC) system under the ticker "LTCC". This is an important step in preparation for the possible launch of the fund, although final approval from the U.S. Securities and Exchange Commission (SEC) has not yet been received.
Bloomberg analysts estimate the probability of Litecoin ETF approval at 90% this year, which has fueled investor interest and contributed to the growth of Litecoin's price. Since the beginning of November, the value of LTC has doubled, reaching $134, outpacing the overall growth of the cryptocurrency market