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Category: CRYPTO NEWS
The post Litecoin (LTC) ETF Approval Probability Reaches 90% as Whales Add Holdings appeared on BitcoinEthereumNews.com. TLDR: Litecoin (LTC) is trading at $127.97, showing a slight 0.46% decline over 24 hours, but whale investors have accumulated nearly 1 million LTC tokens in the past two weeks Canary Capital’s LTC ETF has been listed on the Depository Trust & Clearing Corporation (DTCC), though this doesn’t guarantee approval Bloomberg ETF analyst Eric Balchunas estimates a 90% probability of Litecoin ETF approval by 2025, while Polymarket data shows 85% odds Large-scale investors (“whales”) are displaying bullish behavior despite current market volatility Litecoin joins other altcoins like Solana, Dogecoin, and Cardano as potential candidates for ETF approval in 2025 February 24, 2025 marks another chapter in Litecoin’s journey as large investors, known as “whales,” have purchased nearly one million LTC tokens over the past two weeks. This buying activity comes as experts predict high chances of a Litecoin ETF approval in 2025. The cryptocurrency is currently trading at $127.97, showing a minor decline of 0.46% in the last 24 hours, according to data from CoinMarketCap. Despite this small dip, major investors continue to show strong interest in accumulating Litecoin. 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 indicates that wealthy investors expect positive price movement in the future. Whales bought 930,000 #Litecoin $LTC in the last two weeks! pic.twitter.com/rBBP9wNDUD — Ali (@ali_charts) February 22, 2025 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…
2025-02-24T14:45:05+00:00
https://bitcoinethereumnews.com/tech/litecoin-ltc-etf-approval-probability-reaches-90-as-whales-add-holdings/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-ltc-etf-approval-probability-reaches-90-as-whales-add-holdings