Summary: Litecoin is making waves, pumping over 13% in just 24 hours, all thanks to fresh speculation about a potential spot ETF approval with key regulatory filings already in motion and analysts hyping up the odds, investors are diving in, pushing trading volume and market cap to new heights. But will the SEC finally give LTC the green light?
Litecoin (LTC) just pulled off a crazy 13% surge, shooting up to $129.39, and itβs got the crypto world buzzing. The reason? People think a Litecoin spot ETF might actually get the go-ahead, possibly in 2025.
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Bloomberg analysts are saying the odds of an LTC ETF are looking way better than most other crypto funds. Thatβs because, unlike some tokens that get tangled in SEC drama, Litecoin is considered a commodity, not a security. With key forms like the S-1 and 19b-4 already in the mix, things might be lining up perfectly for approval.
On the market side, Litecoin trading volume went absolutely nuts, spiking 91.3 to hit $1.89 billion in just two hours. The market cap? Up 13.19% to $9.77 billion, showing investors are all in on the hype.
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The SEC has been super slow on crypto ETFs, but if they finally ease up, Litecoin could be next in line. If that happens, big money could start flowing in, sending LTC prices soaring even higher. Now, itβs just a waiting game to see if the SEC will play ball.