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news-imageFebruary 11, 2025

Litecoin and Cardano defy market stagnation with double-digit gains on ETF hopes

The rally follows Bloomberg analysts raising approval odds for a Litecoin ETF, and Monday's spot Cardano ETF filing.
Publisher: The Block
Sentiment: Positive
ADA
LTC

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Positive
cover-imageThe Currency Analytics
February 11, 2025

Litecoin Price Surge Driven by ETF FOMO, New ATH Ahead

Litecoin (LTC) has seen a significant surge in price recently, gaining 24% over the course of a week, with a massive rise in trading volume. This bullish movement has been fueled by growing optimism surrounding a potential Litecoin ETF, and technical signals suggest that the cryptocurrency may be on the verge of a major breakout.

Positive
cover-imageCryptoPotato
February 11, 2025

90% chance for Litecoin ETF approval, XRP, SOL, and DOGE follow!

According to analysts from Bloomberg, there is a 90% probability that the U.S. Securities and Exchange Commission (SEC) will approve a spot exchange-traded fund (ETF) based on Litecoin (LTC) by the end of 2025. They estimate the chances of approval for other crypto ETFs, such as those for XRP, Solana (SOL), and Dogecoin (DOGE), at 65%, 70%, and 75%, respectively.

Positive
cover-imageZycrypto
February 11, 2025

Pundits Give XRP, Dogecoin, SOL, And Litecoin ETFs ‘High Odds' Of Winning SEC Approval In 2025

Well-followed Bloomberg analysts James Seyffart and Eric Balchunas believe exchange-traded products based on cryptocurrencies Ripple's XRP, Solana, Dogecoin, and Litecoin all have favorable odds of securing approvals. Notably, they see the chances of a Litecoin (LTC) exchange-traded fund (ETF) going live in the coming months as higher than those of other ETFs currently proposed.

Positive
cover-imageInvezz
February 11, 2025

Grayscale, NYSE Arca file for spot Cardano ETF

Grayscale and NYSE Arca have filed an application with the US Securities and Exchange Commission (SEC) to list a spot Cardano (ADA) exchange-traded fund (ETF), adding to the growing wave of digital asset funds seeking regulatory approval for ETFs.

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