Litecoin Positioned to Become Third US Spot Crypto ETF
The US Securities and Exchange Commission (SEC) might consider approving spot Litecoin ETFs under the regulator’s new leadership.

According to Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence, the regulator might be engaging with Litecoin (#LTE ) exchange-traded fund (#etf ) filing.

“Canary Funds just filed an amended S-1 for their Litecoin ETF filing,” Seyffart wrote on X. “No guarantees — but this might be indicative of SEC engagement on the filing.”

Litecoin Rallies Over 18% in 24 Hours

According to CoinMarketCap data, the altcoin has shown a strong performance in the past day and the week. The token’s trading volume jumped by over 250% in the past day alone.

The surging gains were the result of excitement over the ETF filings. The speculation has sparked significant buying from both institutional and retail investors.

At the time of writing, Litecoin traded at $136, up 18% in the past day. Additionally, the token’s trading volumes have soared more than 250% to $1.83 billion.

Besides, on-chain data from Santiment indicates that large investors – whales and sharks – have been actively accumulating Litecoin.

“Just as we saw in early December, the key driver appears to be whales and sharks holding at least 10K+ $LTC.”