Litecoin up 7% as SEC likely to approve spot ETF with 90% chance, analyst says
Author AI Boost | Edited by Aoyon Ashraf Updated May 1, 2025 7:59 PM Published May 1, 2025 5:28 PM
Litecoin (LTC) price rose more than 7% on Thursday, outperforming the broader CoinDesk 20 market index, which rose about 4%.
Bloomberg Senior ETF Analyst Eric Balchunas reports that the likelihood of a Litecoin spot ETF being approved has increased to 90%, with a key deadline of October 2, which could significantly expand LTC’s institutional investor base and potentially drive a significant price rally.
Would love to hear directly from Atkins, but the odds are stacked. Here are our latest approval odds for all spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics
— Eric Balchunas (@EricBalchunas) April 30, 2025
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