#LitecoinETF In February 2025, the U.S. Securities and Exchange Commission (SEC) officially accepted Nasdaq’s application to amend its rules to allow the listing of a Litecoin (LTC) spot ETF from Canary Capital. This move significantly increased the likelihood of such an ETF being approved.

Bloomberg analysts, including Eric Balciunas and James Seyffart, estimate the chances of a Litecoin spot ETF being approved at 90% by the end of 2025. They note that Litecoin has advantages over other cryptocurrencies such as XRP and Dogecoin due to its similarities to Bitcoin and its use of a Proof-of-Work consensus mechanism.

Following the SEC’s acceptance of the application, the price of Litecoin increased by more than 13%, indicating a positive market reaction to the potential ETF approval. However, while ETF approval could lead to a short-term price increase, the long-term impact remains uncertain. Data shows that Wall Street investors are showing more interest in Bitcoin-based ETFs, while Ethereum-ETFs have attracted less funding than expected.

Overall, the approval process for a Litecoin spot ETF is moving forward, with many experts expressing optimism about its possible approval in 2025.