Litecoin (LTC) is currently trading at $109.49, reflecting a 0.11% increase from the previous close. The day's trading saw a high of $109.49 and a low of $97.68.
In recent developments, Nasdaq filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) on behalf of CoinShares, seeking approval for a Litecoin exchange-traded fund (ETF). This filing is part of a broader trend where companies are applying for crypto ETFs, following the successful launch of Bitcoin and Ethereum ETFs in the U.S. market.
Analysts from Bloomberg have assigned a 90% chance of SEC approval for a Litecoin ETF by the end of 2025. This assessment places Litecoin ahead of other proposed crypto ETFs, including those for XRP, Solana, and Dogecoin, which have lower approval odds.
The SEC's decision on the Litecoin ETF is expected between October 2 and October 18, 2025. If approved, the ETF could launch before this deadline.
Investors are closely monitoring these developments, as the approval of a Litecoin ETF could significantly impact the cryptocurrency market, potentially attracting institutional investment and increasing mainstream adoption of digital assets.