Bitcoin News Today: Litecoin Surges 9 Over Bitcoin Dogecoin Amid ETF Approval Hopes

Litecoin surged past Bitcoin and Dogecoin in early August 2025 to hit a five-month high, fueled by growing optimism over the potential approval of a spot ETF in the United States. The price of LTC/USD climbed over 9% in a 24-hour period, reaching $121.35, the highest level since early March [1]. This outperformance marked LTC as the third-largest gainer in the cryptocurrency market within the last day, surpassing both Bitcoin and Dogecoin in short-term gains [2].

Trading volume for Litecoin skyrocketed by 168% in the same period, reaching $1.68 billion, indicating strong investor interest and liquidity [1]. The price rise also drew attention to Litecoin’s on-chain activity, with long-term holders increasing their balances and whale transactions—those exceeding $100,000—inching up 9.38% in the last 24 hours [1].

The rally came amid heightened anticipation for a Litecoin spot ETF, with asset management firms like Grayscale, CoinShares, and Canary Funds reportedly preparing to launch the product in the coming months. The deadline for the Canary ETF submission is set for October 2 [1]. Market participants on prediction platform Polymarket were assigning an over 80% probability of approval in 2025, while Bloomberg analyst Eric Balchunas predicted earlier in the year that Litecoin would be the first altcoin to secure an ETF listing [1].

Litecoin’s performance reflects broader market sentiment around regulatory developments in the crypto space. Investors are increasingly viewing spot ETFs as a potential catalyst for mainstream adoption and institutional validation. The rally also contrasts with Dogecoin, which, despite a recent bounce, remained below $0.25 and far from its all-time high [2]. Bitcoin, while still the largest cryptocurrency by market cap, has faced persistent pressure, with smaller altcoins like Litecoin benefiting from shifting investor preferences [5].

Analysts remain cautiously optimistic, with some forecasting a potential price target of $354 for Litecoin, though such projections are speculative and depend heavily on regulatory outcomes [2]. The increased media coverage and investor activity suggest that the market is pricing in a significant regulatory breakthrough, even in the absence of official approval.

The surge in Litecoin underscores how regulatory developments can reshape market dynamics, influencing both retail and institutional behavior. As the crypto industry continues to navigate regulatory scrutiny and innovation, Litecoin’s recent performance highlights the potential for alternative cryptocurrencies to outshine even the most established names when backed by clear regulatory momentum.

Source:

[1] Benzinga – [https://www.benzinga.com/crypto/25/08/46848727/litecoin-rallies-past-bitcoin-dogecoin-to-hit-a-5-month-high-as-spot-etf-approval-odds-spike?utm_source=coingecko&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site](https://www.benzinga.com/crypto/25/08/46848727/litecoin-rallies-past-bitcoin-dogecoin-to-hit-a-5-month-high-as-spot-etf-approval-odds-spike?utm_source=coingecko&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site)

[2] BanklessTimes – [https://www.banklesstimes.com/articles/2025/08/04/litecoin-price-action-turns-bullish-analysts-set-354-target/](https://www.banklesstimes.com/articles/2025/08/04/litecoin-price-action-turns-bullish-analysts-set-354-target/)

[5] Changelly – [https://changelly.com/blog/bitcoin-price-prediction/](https://changelly.com/blog/bitcoin-price-prediction/)