The post Litecoin Price Outlook: ETF Speculation Fuels Market Activity Ahead of Potential Trading Launch appeared on BitcoinEthereumNews.com.

The anticipation surrounding the potential approval of a Litecoin ETF has elevated market speculation, spotlighting LTC’s impressive performance in recent weeks. As regulatory scrutiny continues, the timing of the ETF’s approval is crucial for Litecoin’s trajectory, with market participants eager for clarity. According to Eric Balchunas, a Bloomberg ETF analyst, the current listing by the DTCC signifies preparation but not yet an official approval. This article explores the growing speculation around the potential approval of a Litecoin ETF and its impact on LTC pricing and market dynamics. Rising Speculation Surrounding the Litecoin ETF Approval Interest in the proposed Canary Capital Litecoin ETF has surged as it has been officially listed on the Depository Trust and Clearing Corporation (DTCC). Analysts have started to predict that trading could commence soon, generating excitement among investors. Nate Geraci from ETF Store shared his insights, suggesting that the dynamics of the Litecoin ETF approval process mirror those of previous Bitcoin ETF approvals. He stated, “Litecoin ETF “listed” on DTCC. Having flashbacks to spot BTC ETFs… This doesn’t mean anything, but I also think highly likely that LTC ETF is coming to a brokerage near you.” The 194-b filing for the Canary LTC ETF was submitted on February 4, and it is expected that the SEC could announce its decision within 45–90 days post-listing on the Federal Register, indicating a critical window for market participants to watch. Growing Demand and Market Activity The potential of an approved Litecoin ETF has sparked substantial trading activity, particularly with LTC’s market capitalization rising by 46% and nearly reaching $10 billion in on-chain volume recently. According to Santiment, this trend is also reflected in the strong increase in network utility, as LTC has managed to process about $9.6 billion in daily transaction volume in just a week. Source: Santiment Futures…

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Filed under: News - @ February 21, 2025 9:18 am