#莱特币ETF Litecoin ETF (Exchange-Traded Fund) is a financial product based on Litecoin (LTC) that allows investors to invest in Litecoin indirectly by purchasing fund shares without directly holding cryptocurrencies. This product provides investors with a safer and more convenient way to participate in the Litecoin market.
The latest progress of Litecoin ETF
1. Application and review: On February 21, 2025, Canary Capital's Litecoin ETF (code: LTCC) has completed registration with the Depository Trust and Clearing Corporation (DTCC) and entered the pre-listing list. Previously, Canary Capital had submitted the S-1 revised document of Litecoin ETF to the U.S. Securities and Exchange Commission (SEC), and the SEC has confirmed receipt and entered the review process.
2. Approval expectations: According to Bloomberg analysts' predictions, the probability of Litecoin ETF approval is as high as 90%. Analysts believe that Litecoin is classified as a commodity rather than a security by the U.S. Commodity Futures Trading Commission (CFTC), which makes its ETF approval process smoother.
3. Market reaction: The news of the application of Litecoin ETF has driven the rise of Litecoin price. For example, on February 19, 2025, the price of Litecoin rose by 13% against the trend, showing the market's optimistic expectations for the approval of ETF.
The significance of Litecoin ETF
1. Increase legitimacy: The approval of ETF will provide official recognition for Litecoin and enhance its legitimacy among institutional investors.
2. Improve market liquidity: ETF provides investors with an investment tool without directly holding cryptocurrencies, which will increase the liquidity of Litecoin market.
3. Drive price increase: The participation of institutional investors may further drive the price of Litecoin.
Future Outlook
The approval of Litecoin ETF will be an important milestone in the cryptocurrency market, marking the interest and recognition of Litecoin by institutional investors. If approved, Litecoin ETF will become the third cryptocurrency spot ETF approved by the US SEC after Bitcoin and Ethereum.
