Current Date:February 22, 2025

Centimeter: This altcoin is going ahead in ETF fury!

Exchange Investment Fund (ETF) exporters took action to list the Litecoin ETFs they proposed in the United States. In the midst of this development, the daily transactions in the Litecoin network reached $ 9.6 billion per day. Analytical company centimeted, investors attracted attention to the increasing interest.

Centimeter: investor interest in Litcoin is increasing!

According to the Analytical Company Santimement, Litecoin’s market value increased by 46 %from February 2 to February 19 %and showed that investor interest increased. Santimement, some of this growth in the last 7 days in the daily transaction volume of $ 9.6 billion in the network of network service, he said.

In late August, Litecoin’s daily trading volume was about $ 2.8 billion. Therefore, existing levels represent a 243 %increase in five months. In addition, LTC prices have doubled since the beginning of November, leaving behind the wider crypto market that earned 42 %in the same period.

Litecoin ETF The excitement is increasing!

“13 months after Bitcoin’s first ETFs were approved by the SEC, there is clearly increasing excitement around a potential Litecoin ETF, Sant said Santimement. Kriptokoin.comAs you have followed, the Securities and the Stock Exchange Commission issued a confirmation for a change of rule to list the Coinshares Spot Litecoin ETF in Nasdaq on February 19.

Meanwhile, Canary Capital’s Litecoin ETF was listed on February 20 under LTCC abbreviation in the depository Trust and Clearing Corporation (DTCC) system. The Litecoin Foundation said that DTCC is an important part of global financial markets and has realized trillion -dollar securities every day. “This is an important preparatory step for the potential launch of the fund,” he said.

Source: Litecoin Foundation

Bloomberg ETF analyst warned

Bloomberg ETF analyst Eric Balchunas warned that it does not mean that the product is not approved or ready to be traded and said, “However, it shows that the exporter is preparing to be,” he said. He added that the possibility of approved by analysts this year is still 90 %.

Meanwhile, LTC price increased by 4.18 %in response to the DTCC listing. Token climbed from $ 127 to $ 138, with the lowest level in the day before a slight retreat on February 21st. In addition, Litecoin increased by almost 30 percent over the past two weeks and performed better than Bitcoin. Leading crypto currency has remained in a strict range since its decline in five -digit figures at the beginning of February.

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