- Bloomberg analyst maintains 90% probability forecast for Litecoin (LTC) spot ETF approval.
- Emphasized that ticker registration is part of approval preparation process, indicating issuer's readiness.
- Predicted approval possibility for other altcoin spot ETFs, including Litecoin, within this year.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A Bloomberg analyst continues to predict high probability for Litecoin (LTC) spot ETF approval.
On the 21st (local time), Eric Balchunas, Bloomberg ETF analyst, stated through his X (formerly Twitter) that "Canary Fund's Litecoin ETF registering a ticker with the DTCC doesn't mean it's approved or ready to trade, but it indicates that the issuer is preparing for approval."
He added, "We still maintain a 90% probability for Litecoin spot ETF approval." Previously, he had predicted that spot ETFs for many altcoins, including Litecoin, Solana (SOL), and XRP, would be approved within this year.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.PiCK News
Bybit: "All Exchange Cold Wallet Funds Absolutely Secure... Promise of Normal Operations"
6 hours ago
Bybit CEO: "Ethereum (ETH) Cold Wallet Was Indeed Hacked"
6 hours ago
US February Services PMI Preliminary Reading at 49.7... Below Market Expectations
7 hours ago
Coinbase CEO: "US SEC to Withdraw Lawsuit Against Coinbase... Final Approval Expected Next Week"
9 hours ago
Matt Hogan: "Explosive Demand for XRP ETF... Expecting SEC Regulatory Easing"
10 hours ago
Ranking News