Santiment
Santiment|Feb 20, 2025 21:32
⚡️ Litecoin doesn’t typically get the social media hype of other top cap cryptocurrencies like XRP, Solana, Chainlink or Cardano. But on the back of some legitimate ETF rumors, it has quietly seen a big jump in value recently. From February 2 to February 19, 2025, Litecoin’s market cap surged by +46%, showing increased investor interest. Part of this growth comes from its strong rise in network utility, which has been processing 9.6B in daily transaction volume over the past 7 days. There is clear growing excitement around a potential Litecoin ETF, 13 months after Bitcoin's first ETF's were approved by the SEC. A financial firm called CoinShares has officially filed to list a Litecoin ETF on Nasdaq, and the SEC has begun its review process. If approved, this would allow investors to buy Litecoin in a regulated stock market setting without needing to store the actual coins themselves. Some analysts estimate a 90% probability that it will be approved by the end of 2025. With a new U.S. government that appears more supportive of crypto, this approval could open the doors for more ETFs based on previously discussed altcoins like XRP and Solana. This would make it easier for mainstream investors to gain exposure to the crypto market without needing to buy on-chain tokens.
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