Litecoin's ETF Odds Soar to 90% in 2025

Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 10:51 am ET1min read
LTC--

Litecoin, a leading cryptocurrency, has emerged as a strong contender for an Exchange-Traded Fund (ETF) approval in 2025. Market insiders suggest a high likelihood of a Litecoin ETF launch this year, with expectations of a 90% chance. Several key factors set Litecoin apart from other cryptocurrencies vying for ETF status.

One of the main reasons for Litecoin's strong position is its regulatory standing. Unlike some other crypto assets, Litecoin has not been classified as a security by the U.S. Securities and Exchange Commission (SEC), which significantly smooths the path for ETF approval. Additionally, the SEC has already acknowledged filings related to Litecoin, a positive sign considering that proposals often get withdrawn when the agency isn't ready to consider them.

The regulatory environment remains complex, with ongoing legal battles affecting other major cryptocurrencies. However, Litecoin's clear status and prior acknowledgments from the SEC reduce potential roadblocks. Although nothing is ever guaranteed in the world of crypto regulations, Litecoin's track record and the SEC's current stance provide a strong foundation for optimism.

Despite the high odds, challenges remain. The SEC continues to express concerns about market manipulation and custody risks, which apply to all crypto ETFs, including Litecoin. These factors contribute to the cautious approach regulators take before granting approvals.

The SEC's 240-day review period for Litecoin ETF proposals is set to conclude in early October 2025. Until then, the crypto community will be watching closely, as the approval of an LTC ETF could be a game-changer, potentially driving significant investment inflows and boosting Litecoin's market position.

Currently, the price of Litecoin is consolidating between a price of $100 and $130. Despite this big range, many investors are buying close to the $100 price mark and selling around the $130 price mark. This sideways trend is perfect for swing trading, however, occasional fakeouts did occur.

If Litecoin breaches the $100 price mark lower with Bitcoin making lower lows, Litecoin is expected to drop in prices further, reaching the support price of $90 and then $80 if the crash was a harsh one. On the other hand, a break of the $130

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.