Editor's PiCK
Bloomberg Analyst: "Litecoin Spot ETF Approval Probability Still at 90%"
Suehyeon Lee
Summary
- Bloomberg analyst maintains that the Litecoin spot ETF approval probability remains at 90%.
- The Litecoin ETF's ticker registration with DTCC is diagnosed as preparation for approval.
- Predicted that spot ETFs for various altcoins including Solana and XRP, along with Litecoin, will be approved within this year.
A Bloomberg analyst continues to predict a high probability of approval for the Litecoin (LTC) spot ETF.
On the 21st (local time), Eric Balchunas, Bloomberg ETF analyst, stated through his X (formerly Twitter) that "While Canary Fund's Litecoin ETF registering a ticker with the DTCC doesn't mean it's approved or ready to trade, it indicates that the issuer is preparing for approval."
He added, "We still maintain a 90% probability for Litecoin spot ETF approval." Previously, he had predicted that spot ETFs for many altcoins, including Litecoin, Solana (SOL), and XRP, would be approved within this year.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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