Entering the year, all eyes in the cryptocurrency market were on crypto-based ETFs in the United States. With two approvals last year, the arrival of a pro-digital asset administration had many expecting that to arrive. Indeed, now a Litecoin ETF may see its arrival, earning as the product could get an early approval from the US Securities and Exchange Commission (SEC).
The asset has been one of many subjects of new filings for crypto ETFs this year. As the deadline for approval fast approaches, the optimism has propelled the asset up. With Canary Capital eyeing the investment vehicle, LTC could be one of the biggest surprises of the crypto market in May.
Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance
Litecoin ETF Deadline Approaches as Experts Discuss Potential Early Approval
It has been a rather volatile year for the cryptocurrency market so far. Indeed, with macroeconomic concerns and geopolitical tensions, that has not come as a surprise. Yet, 2025 has still proven to be one of the most important years in the industry’s history, just three months in.
The arrival of the first pro-crypto administration is set to change everything. Moreover, it should bring with it even more crypto-based ETFs with approvals likely. One decision that may be nearing is for a Litecoin (LTC) ETF, with experts saying that the investment product could get early approval from the SEC.
Also Read: Litecoin: AI Sets LTC Price For March 25, 2025
Optimism about such approval surged following a comment from Bloomberg analyst James Seyffart. Specifically, he said, “If any asset has a chance of early approval, it’s Litecoin.” Subsequently, the statement came as LTC was exempt from a recent delay of ETF decisions for Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Ethereum (ETH).
As a result, LTC jumped slightly to start the week. Settling at the $85.76 mark, it has increased more than 4% over the last 30 days, according to CoinMarketCap. However, its year has not been the most impressive thus far. The asset is up just 5% versus its price in May of 2024. Yet, that could be set to change with the impending decision.
Credit: Source link