Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Despite its ETF potential, Litecoin is struggling to attract investor attention.
EXCHANGE NEWS

Despite its ETF potential, Litecoin is struggling to attract investor attention.

By Crypto FlexsJanuary 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Despite its ETF potential, Litecoin is struggling to attract investor attention.
Share
Facebook Twitter LinkedIn Pinterest Email

Litecoin’s price fell 20% to levels below $70. However, it succeeded in rising by 10%. Grayscale felt that if the SEC agreed to the CBTC conversion, the company could convert the trust into an ETF format. If the SEC agrees to the Grayscale Spot Bitcoin ETF, it would serve to balance spot and futures ETFs.

There is speculation that Litecoin could become part of a spot ETF due to its capabilities. That was the CEO’s position, and the company has now overcome the hurdles set up by the SEC when attempting to convert Grayscale Bitcoin Trust (GBTC) into a spot ETF.

Nearly two years ago, Grayscale CEO Michael Sonnenshein noted that agreeing to GBTC would open the door for the company to take a step forward and convert the trust into an exchange-traded fund. The U.S. Securities and Exchange Commission (SEC) is expected to soon reach a conclusion regarding the conversion of GBTC into a spot ETF.

In the period from January 8 to January 10, 2024, more than a dozen applications could be approved, postponed or rejected outright. This will have a significant impact on the cryptocurrency market situation. It also establishes a precedent for similar products and allows Grayscale to streamline the process for sending spot cryptocurrency ETF applications. Prior to the conclusion of the spot BTC ETF, several major asset managers prepared to apply for a spot Ethereum ETF.

According to this, this Litecoin Prediction, given that Litecoin has maintained its position as one of the most balanced players, the likelihood of facing a similar situation increases. Additionally, Grayscale Litecoin Trust (LTCN) is an SEC reporting organization providing confidence in its legitimacy. Nonetheless, alternative cryptocurrencies may face opposition on the demand side due to their underperformance.

After the Matrixport FUD, Litecoin price fell by a little over 10%. However, this issue does not appear to have a significant impact in 2023. Despite other major cryptocurrencies such as Bitcoin increasing by more than 100%, LTC has not made significant gains in recent years.

This makes it difficult to sell LTC to institutional investors who prefer other assets such as Solana, Cardano, and Ripple (XRP). According to the data received, the institution invested $3 million in LTC, while SOL, ADA, and XRP received $167 million, $14 million, and $18 million, respectively.

However, the Litecoin community relies on predictions, giving the cryptocurrency an advantage in recovering 18% of its losses. Litecoin price is down 10% to $66 and needs to reach $70 to break even. If this does not happen, LTC will fall below $60 and the altcoin will fall to $58.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analysts predict the XRP price conflict for less than $ 3, but there are good news.

August 13, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Analysts predict the XRP price conflict for less than $ 3, but there are good news.

August 13, 2025

BTCC Exchange Announces First Sports Sponsorship With NBA’s Jaren Jackson Jr.

August 13, 2025

Sapien Brings Millions Of Minds Onchain To Train AI

August 13, 2025

OpenServ And LunarCrush Turning 50 Million Posts An Hour Into AI Apps

August 13, 2025

Open Miner Teaches You How To Easily Make Money Every Day With XRP

August 13, 2025

Ethereum-Based Meme Coin ‘Pepeto’ Nears Stage 9, Raises Over $6.09M In Presale

August 13, 2025

First FHE Scheme That Works Like A Real CPU

August 13, 2025

The leading RWA ecosystem player starts the RWA growth by quickly tracking the ASCEND startup accelerator.

August 13, 2025

Caldera Launches ERA Force One To Strengthen On-Chain Tokenholder Community

August 13, 2025

Encryption Inheritance Update: August 2025

August 12, 2025

Remittix Announces Beta Web3 Wallet Launch Date, Presale Passes $18.7M With CEX Listings Soon To Be Announced

August 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Analysts predict the XRP price conflict for less than $ 3, but there are good news.

August 13, 2025

BTCC Exchange Announces First Sports Sponsorship With NBA’s Jaren Jackson Jr.

August 13, 2025

Sapien Brings Millions Of Minds Onchain To Train AI

August 13, 2025
Most Popular

Grayscale Launches New Fund for Decentralized AI

July 17, 2024

The reason why we volunteered to re -wrote the world economy quietly, and the reason for betting in encryption anyway

May 11, 2025

Solana vs. Ethereum: Is Solana ready to overtake Ethereum in DeFi dominance? – DeFi information

February 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.