The daily trading of the Litecoin network was $ 9.6 billion a day, with the Exchange-Traded Fund issued by moving to list the proposed Litecoin ETF in the United States.
The market cap of Litecoin (LTC) has increased by 46% from February 2 to 19, and the interest of investors has increased, and on February 21, SANTIMENT is a part of this growth, saying, I added it. Daily trading volume over the last seven days. ”
Litecoin has a daily trading volume of about $ 2.8 billion at the end of August, so the current level is 243%in five months. In addition, the price of LTC has doubled since early November, surpassing a broader password market, gaining 42%of the same period.
Daily trading volume to price. source: single
Santiment said, “13 months after Bitcoin’s first ETF was approved by SEC, the excitement of potential Litecoin ETF is clearly increasing.
The Securities and Exchange Commission posted approval for the change of rules to list Coinshares Spot Litecoin ETF on February 19.
Meanwhile, the LITECOIN ETF list of Canary Capital was found in the deposit trust and cleaning Corporation (DTCC) system on February 20, according to the Tilecer LTCC.
DTCC is the core part of the global financial market and deals with the dollar in daily securities trading, Litecoin Foundation added:
source: Lighting foundation
ERIC BALCHUNAS, an analyst at Bloomberg ETF, warned that the product is not approved or ready to start a transaction. “But it shows that you are preparing when there is a publisher.” He added that this year’s approval probability is still 90%.
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The LTC price accounted for about 8.5%of the response to DTCC listing, rising from $ 127 to $ 138 before a slight full back on February 21.
This asset has risen almost 30% over the past two weeks, and Bitcoin (BTC), which is superior to BTC, has been largely maintained since its return to five figures in early February.
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