Litecoin experiences a 46% price surge in two weeks amid ETF approval speculation. Can institutional investments flow towards Litecoin?
Litecoin (LTC), the fifteenth largest digital currency in the world, has seen a remarkable 46% growth in less than two weeks. According to Santiment data, the daily trading volume of this digital currency has reached $9.6 billion, showing a 242% increase compared to six months ago. Bloomberg analysts have declared a 90% chance of the approval of Litecoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Canary Capital has also submitted an ETF issuance request for this digital currency, and the SEC has begun reviewing the process. If approved, this move could steer institutional investments towards Litecoin.
