"Litecoin Whales Accumulate 1M LTC, ETF Hopes Soar"

Litecoin whales have turned bullish, accumulating nearly 1 million LTC tokens over the past two weeks, signaling potential bullish momentum despite the cryptocurrency's current bearish phase. This significant buying spree has sparked market optimism, as Litecoin is trading at $127.97 after a 0.46% dip in the past 24 hours.

The recent developments surrounding Canary Capital’s LTC ETF have further fueled investor optimism. The ETF was recently listed on the Depository Trust & Clearing Corporation (DTCC), indicating preparation for a possible launch. According to Polymarket data, the probability of a Litecoin ETF receiving approval by 2025 stood at 85%, while Bloomberg ETF analyst Eric Balchunas placed the approval odds even higher at 90%.

However, it is essential to note that while the DTCC listing signals preparation for a possible launch, it does not guarantee regulatory approval. Nevertheless, given these high probabilities, Litecoin is joining the ranks of altcoins like Solana [SOL], Dogecoin [DOGE], and Cardano [ADA], which are all poised for potential ETF approval in 2025. This trend suggests that 2025 could usher in a wave of altcoin ETFs, potentially reshaping the market landscape and allowing even more ways for people to gain exposure to crypto.