Summary
- Litecoin (LTC) has been reported to be leading the spot ETF race.
- Bloomberg's Eric Balchunas revealed that Litecoin's approval probability within the year is estimated at 90%.
- Litecoin is evaluated as the frontrunner among altcoin ETFs, drawing investor attention.
Litecoin (LTC) has emerged as the frontrunner in the spot ETF race ahead of other altcoins including XRP and Solana (SOL).
On the 14th (local time), Bloomberg ETF analyst Eric Balchunas stated through his X (formerly Twitter) that "Litecoin is leading the spot ETF timeline. To use a baseball analogy, Litecoin is heading to third base alone while the others are just rounding first."
Previously, he had indicated that "among altcoin ETFs, Litecoin has the highest probability of approval within this year at 90%, followed by Dogecoin (DOGE), Solana, and XRP in order."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
