u.today
Litecoin ($LTC) has never been the loudest name in the crypto space. No constant hype, no daily social media talks. But sometimes, steady growth speaks louder. And lately, $LTC has been making moves that are hard to ignore, reports Santiment.
Over the past few weeks, something interesting has been happening. Litecoin’s market cap? Up 46% in the last two weeks. Network activity? In late August 2024, the blockchain was processing $2.8 billion in daily transaction volume. Fast forward to this past week — it is now handling $9.6 billion per day. Booming.
What’s driving this? ETF talk as CoinShares, a well-known financial firm, has filed to list a Litecoin ETF on Nasdaq, and the SEC has already started its review process.
No guarantees, of course, but market analysts are throwing around a 90% probability that approval could come by the end of 2025. Given the current regulatory environment, it’s not a stretch.
Bitcoin got its ETFs first, back in early 2024. Now, Litecoin is being watched closely as a potential next-in-line. If approved, an ETF would allow investors to gain exposure to $LTC through a regulated stock market — no need to manage private keys, no need to deal with crypto wallets or make it to centralized offshore exchanges.
That’s a big deal for institutional adoption.
And then there’s the bigger picture. If Litecoin pulls this off, it could open the door for more altcoins — XRP, Solana, maybe even Chainlink — to get their own ETFs. The crypto market is maturing, slowly but surely.
Litecoin is not the flashiest crypto out there. But right now, it is moving in a direction that is hard to ignore. Steady, calculated and possibly on the verge of a major breakthrough.