Litecoin’s native token, LTC, has made a remarkable profit in the midst of speculation that the US Securities and Exchange Commission (SEC) a Spot Litecoin Exchange-Traded Fund (ETF) can approve by Canary Capital.
According to CryptoSlate’s Data, the digital active rose more than 4% to reach $ 89, the highest level that has been seen since March, while most other cryptocurrencies remained flat during the reporting period.
This upward relocation places LTC under the top two artists within the 25 largest digital assets per market capitalization on the past day. Litecoin is the 21st largest crypto due to market capitalization.
Market analysts suggest that the renewed attention comes from optimism around a regulating decision that is expected later today.
Litecoin ETF gets Momentum
Investor’s interest in Litecoin rose after Bloomberg ETF analyst James Seyffart had commented on the coming SEC -Deadline.
He suggested that the agency could take action soon and noted that Litecoin seems to have a better chance of early approval than others on Altcoin-based ETF proposals.
Last week the sec delayed several archives with other crypto, such as Solana, XRP, Dogecoin and Ethereum.
However, the financial supervisor must not yet issue a delay or rejection with regard to the Litecoin ETF application from Canary. Given this, Seyffart noted That:
“If an active chance of early approval, it is Litecoin.”
However, he warned that a delay remains the most likely outcome given the broader regulation pattern.
Canary Capital submitted its first S-1 registration for the Litecoin ETF in October 2024. In January 2025, Nasdaq succeeded a 19B-4 application to state the trade fund. In particular, the SEC has already recognized the applications, a critical first step towards possible approval.
The last deadline for the agency to make a decision is May 5.
If the fund has been approved, investors would get direct exposure to Litecoin without holding the token.
