Litecoin sees a 21% price increase fueled by growing optimism for a U.S. spot ETF approval, with institutional interest and SEC developments driving momentum.

Litecoin ETF is the next cryptocurrency exchange-traded fund (ETF) that could debut in the near future, said Eric Balchunas.

If the US SEC approves a spot Litecoin ETF, the move signals a potential expansion of the crypto ETF landscape beyond Bitcoin and Ethereum.

Senior Bloomberg ETF analyst Eric Balchunas predicts that Litecoin is the most likely cryptocurrency to receive a U.S. ETF approval next, following recent updates to its S-1 filing with the SEC.

Grayscale Investments has revised its Litecoin Trust filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in efforts to launch a spot Litecoin exchange-traded fund (ETF).