Blackrock’s Bitcoin ETF has over billion in assets, while Fidelity’s FBTC has billion.
LTC ETF odds are rising
A volume-supported surge above that level will point to more gains, potentially to the 38.2% retracement level at 5, the 38.2% retracement point, which is about 36% above the current level.
Litecoin (LTC) rose to 6 on Sunday, a few points below the crucial resistance level at 6, its highest point in 2024. It has jumped by 28% in the last seven days, making it the second-best-performing top-100 coin after PancakeSwap (CAKE).
The SEC has derailed some crypto ETFs in the past because it viewed many of them as unregistered securities. This explains why it approved spot Ethereum (ETH) ETFs without the staking feature.
Bitcoin has a supply limit of 21 million, while Litecoin has 84 million.
Therefore, the SEC has no good reason to reject a spot LTC ETF since it already approved Bitcoin funds in 2024. These funds have become highly successful, attracting net inflows of over billion.
Polymarket data shows that most participants expect the SEC to approve a spot LTC ETF in 2025. The odds have risen to 88% from this year’s low of 42%. These odds will benefit companies like Grayscale, Canary, and Coinshares that have applied for a Litecoin ETF.
The SEC may change this view and approve ETFs of other popular cryptocurrencies like Solana, Ripple, and Dogecoin.
The main challenge for Litecoin and other altcoin ETFs is that they may struggle to attract substantial inflows from Wall Street investors. For example, Ethereum ETFs have only attracted about .1 billion in inflows since their approval in September last year.
Litecoin price technical analysis
Litecoin is also attempting to cross the 23.6% Fibonacci Retracement level at 0. Therefore, more upside will be confirmed if it rises above the crucial resistance level at 6.95, the highest point in December.
