Recent developments indicate significant progress toward the approval of a Litecoin Exchange-Traded Fund (ETF):
Canary Capital's Spot Litecoin ETF Listed on DTCC: On February 20, 2025, Canary Capital's spot Litecoin ETF was added to the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. This listing is a preparatory step toward the ETF's potential launch, signaling that necessary trading infrastructure is being established.
SEC Acknowledges CoinShares' Spot Litecoin ETF Application: The U.S. Securities and Exchange Commission (SEC) has officially accepted CoinShares' application for a spot Litecoin ETF. This acknowledgment initiates a review process and opens a 21-day public comment period, moving the ETF closer to potential approval.
Increased Litecoin Network Activity: Amid these ETF developments, Litecoin's daily transaction volume has surged to $9.6 billion, a 243% increase over the past five months. This growth reflects heightened investor interest and network utility, with Litecoin's market capitalization rising by 46% between February 2 and February 19, 2025.
Analysts are optimistic about the ETF's approval prospects. Bloomberg ETF analyst Eric Balchunas estimates a 90% chance of approval for the Litecoin spot ETF this year, suggesting a favorable regulatory environment.
These developments indicate a strong momentum toward the introduction of a Litecoin ETF, which could further enhance Litecoin's adoption and market presence.
