#OnChainInsights

Developments, particularly regarding the potential approval of a spot exchange-traded fund (ETF). Canary Capital’s proposed Litecoin ETF has been listed on the Depository and Clearing Corporation (DTCC) under the ticker LTCC, marking a major step toward its potential launch. This listing creates the necessary trading infrastructure for the ETF, although the U.S. Securities and Exchange Commission (SEC) approval is still pending.

Analysts are optimistic about the prospects for the ETF’s approval. Bloomberg ETF analysts peg a 90% chance of SEC approval for the Litecoin ETF in 2025, noting that Litecoin’s status as a commodity could boost its likelihood of regulatory approval.

On the on-chain front, Litecoin has been showing strong activity. Over the past week, the network processed nearly $9.6 billion in on-chain trading volume, up 242% from six months ago.

As of February 22, 2025, Litecoin (LTC) is trading at $128.55, down 6.85% from its previous close. These developments underscore the growing institutional interest in Litecoin and its increasing integration into traditional financial markets. $BNB $BNB