"Whales Accumulate 1M LTC as Litecoin ETF Approval Looms"

Litecoin (LTC) has seen a significant increase in interest from large-scale investors, known as "whales," who have accumulated nearly one million LTC tokens in the past two weeks. This buying activity coincides with a high probability of Litecoin ETF approval by 2025, as estimated by industry experts.

The cryptocurrency is currently trading at $127.97, with a slight 0.46% decline over the past 24 hours. Despite this minor dip, major investors continue to show strong interest in accumulating Litecoin, indicating a bullish sentiment among large-scale investors.

Crypto analyst Ali Martinez reported the whale activity, noting that these large-scale purchases occurred within a two-week timeframe. This type of buying behavior often signals that wealthy investors expect positive price movement in the future.

The timing of these purchases aligns with recent developments in the ETF space. Canary Capital’s Litecoin ETF has been listed on the Depository Trust & Clearing Corporation (DTCC), representing a step forward in the preparation process for a possible launch.

Bloomberg ETF analyst Eric Balchunas has placed the odds of a Litecoin ETF approval at 90%. This estimate exceeds the already optimistic prediction from Polymarket data, which shows an 85% probability of approval by 2025. However, Balchunas added an important note of caution: while the DTCC listing shows preparation for a potential launch, it does not guarantee that regulators will approve the ETF.

The high probability of approval places Litecoin among several other cryptocurrencies expected to receive ETF approval in 2025, including Solana, Dogecoin, and Cardano. This suggests a broader trend toward altcoin ETF launches, which could bring new money into the respective markets.

A Litecoin ETF would create a new way for traditional investors to gain exposure to the cryptocurrency through regular brokerage accounts, making it more accessible to a wider range of investors. ETFs typically make it easier for institutional investors to include an asset in their portfolios by removing the technical challenges of buying and storing cryptocurrency directly.

The whale buying activity represents roughly 1 million LTC tokens added to large wallets. This amount of purchasing can often lead to price increases if the supply of available tokens for sale decreases. Traditional