$Here are the latest developments regarding #LitecoinETF:
Canary Litecoin ETF Listed on DTCC: The "CanaryFunds Litecoin ETF" (ticker: LTCC) has been registered on the Depository Trust & Clearing Corporation (DTCC) platform, a significant step toward potential approval. DTCC is a key entity for securities settlement in U.S. markets.
Surge in Daily Transaction Volume: Litecoin recorded a daily transaction volume of $9.6 billion, according to data from Santiment, amid growing speculation about an ETF launch. This spike reflects heightened investor interest, driven by positive expectations surrounding the fund.
Analyst Predictions: Bloomberg ETF analysts have indicated a 90% chance of approval for a spot Litecoin ETF before the end of 2025. This optimism stems from the U.S. Securities and Exchange Commission (SEC) not classifying Litecoin as a security—unlike other cryptocurrencies such as XRP and Solana—making it a strong candidate for approval.
Market Impact: Observers believe that an ETF launch could bolster Litecoin’s market position by providing a regulated investment vehicle that attracts institutional investors, potentially increasing liquidity and value.
These developments signal positive momentum, though final approval remains contingent on the SEC’s decision, and investors are still awaiting official confirmation.
