With the surge in the application of Litecoin spot ETF, the trading volume and prices have reached new heights as of writing it was trading at $135.31, with an intraday growth of 3.46% and the market capitalization was $10.12 billion with an addition 3.45%.
As per available data, there are a few companies that have filed for the spot ETF of Litecoin, which was developed as an alternative to Bitcoin at a cheaper price.
In the past 7 days, Litecoin has added 7% to its trading prices, and in the monthly frame, LTC added 15%. Similarly, in the 30-day frame, the highest record trading price of LTC was $139.41.
Litecoin on-chain transaction & market cap on peak
An X post by Santiment, published on February 21, 2025, notes that the market capitalization of Litecoin has enjoyed a higher high from February 02 to February 19, 2025, and has added 46%.
The post further reads that the utility of LTC has grown in the past 7 days, and the network has been processing around $9.6 billion. As per Santiment the spike in market cap and transactions clearly mirrors the growing interest of investors in LTC after a few applications filed for its spot ETF.
Most recently it was reported that the Securities and Exchange Commission of the United States, has begun the review process of Litecoin spot ETF filed by CoinShares, there is a higher chance that the SEC might approve the application by the end of 2025.
As per experts the approval of Litecoin spot ETF is expected to open the door for other cryptocurrencies such as XRP, Solana, and Dogecoin.
The X post of Litecoin Foundation published on February 21, 2025 notes that “ Canary Funds Litecoin ETF has been listed on the Depository Trust and Clearing Corporation system under the ticker LTCC! The DTCC is a key part of global financial markets and processes trillions of dollars in securities transactions each day.”
Odds favoring Litecoin spot ETF approval
A poll on Polymarket decentralized prediction market with a question will, Litecoin spot ETF get approval by 31 July? The volume over the poll is $68k, with 43% of investors thinking it will get approval in this period.
On the other hand a poll, with a question, will LTC Spot ETF get approval in 2025? Has a volume of $25k, with 85% of the traders bidding for ‘YES’.
2 renowned ETF experts have argued with facts that the Litecoin spot ETF has a 90% chance of approval, and the ETFs of Solana, Doge, and XRP also have favor depending upon their uniqueness and prices.
Until the trending poll in the Polymarket is published, will Kanye launch a coin in February? And this poll has $3 m in volume.
