Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Dogecoin (DOGE) struggles to get up in higher floKi rocket rockets.

July 17, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

CARV Advances AI Beings Roadmap With Hackathon And 12+ Ecosystem Partnerships

July 22, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 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

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025
Most Popular

Should Bitcoin investors worry about flat inflow of SPOT BTC ETF?

April 15, 2025

BlackRock CEO Is Optimistic About Spot Ethereum ETF After Bitcoin Fund Success

January 13, 2024

bitcoin cli – Building a CPFP raw transaction to verify a forced closed Lightning channel.

December 3, 2023
  • 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.