#LitecoinETF
The anticipated launch of a Litecoin (LTC) exchange-traded fund (ETF) has garnered significant attention in the cryptocurrency community. Canary Capital's proposed spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC, marking a crucial preparatory step toward its potential approval. Bloomberg analysts estimate a 90% chance of the U.S. Securities and Exchange Commission (SEC) approving a spot Litecoin ETF in 2025, citing Litecoin's classification as a commodity and the SEC's active engagement with regulatory filings. This development has coincided with a surge in Litecoin's daily transaction volume, reaching $9.6 billion over the past week, and a 46% increase in its market capitalization since early February.
