$SOL
Shocking! The chances of LTC ETF approval skyrocketing 💥📈 Are investors going crazy? 🐂📊
Litecoin (LTC) is at the center of attention! At a crucial moment when the U.S. Securities and Exchange Commission (SEC) is about to make a ruling, the spot LTC ETF initiated by Canary Capital suddenly faces an "acceleration opportunity," and market enthusiasm has rapidly surged!
Approval probability doubled overnight!
Before the scheduled ruling, the SEC did not postpone the case as it usually does, causing the prediction probability for LTC ETF approval before July 31 on Polymarket to soar from 26% to 47%. Stimulated by this news, LTC's price rose over 4% within 24 hours, briefly approaching $90.
Bloomberg ETF analyst James Seyffart stated that if any altcoin can be the first to get ETF approval, "it has to be Litecoin." He and his colleagues estimated back in February that the probability of LTC being approved in 2025 is as high as 90%.
Who’s next?
After LTC, Dogecoin (DOGE), Solana, and XRP are also vying for the spot ETF ticket:
XRP: Although supported by the futures ETF plan launched by ProShares, spot approval is still stuck.
Solana: Although it has launched CME futures, trading performance has been mediocre and primarily retail-driven.
Dogecoin: Viewed as a "commodity-like" asset, along with LTC and BTC, it is considered the most potential candidate for the ETF.
Institutions like Bitwise and Franklin Templeton have already submitted applications, but the SEC has extended the decision time for DOGE and others to mid-June, with the latest review deadline being in October.
💬Summary: Litecoin may become the "first altcoin approved for a spot ETF after Bitcoin!" Amid a regulatory storm, the crypto market is about to face a critical turning point. Are you ready? ⏳📢
