Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Litecoin ETF bid gains traction, lifting prices and trading volume

Litecoin ETF bid gains traction, lifting prices and trading volume

CryptoSlateCryptoSlate2025/01/16 15:44
By:Oluwapelumi Adejumo

Canary Capital’s strategic S-1 amendment positions Litecoin at forefront of ETF approval race.

The potential for a Litecoin exchange-traded fund (ETF) to gain approval has surged, leading to noticeable price gains for the digital asset.

Crypto bettors on Polymarket , a decentralized prediction platform, now estimate a 51% chance of the US Securities and Exchange Commission (SEC) giving the green light for a Litecoin-focused fund after Canary Capital amended its S-1 registration form.

Canary Capital amends S-1 filing

On Jan. 15, Canary Capital updated its S-1 filing with the financial regulator, with market observers pointing out that the move represents a crucial step forward in the push for a Litecoin ETF.

The S-1 form—an initial registration document filed with the SEC—details new securities offerings, including the intended use of funds and an overview of the securities.

Analysts view this amendment as a sign that discussions between Canary Capital and the SEC are underway, although formal approval remains uncertain.

Bloomberg ETF analyst James Seyffart noted that the amendment reflects active engagement with the SEC. However, he emphasized that success is not guaranteed without submitting a 19b-4 filing—a critical step in the approval process.

Similarly, Eric Balchunas , Bloomberg’s Senior ETF analyst, highlighted that this development could place Litecoin ahead of other altcoins in the race for an ETF. He believes the amendment strengthens predictions that Litecoin will be next in line for SEC approval.

He added :

“This looks to confirm that which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, new SEC chair has yet to start and that’s a huge variable.”

Should the SEC approve the Litecoin ETF, it would mark a significant milestone for the digital asset. Litecoin would join Bitcoin and Ethereum as the only cryptocurrencies to achieve US-approved spot ETFs, further legitimizing its position in the market.

Litecoin soars

The prospect of regulatory approval has already triggered a bullish response in Litecoin’s price.

According to CryptoSlate’s data, the crypto surged over 17% in the past day, reaching a four-week high of $120 before stabilizing at $118 as of press time.

Moreover, investor interest has also been reflected in trading activity, with Litecoin’s 24-hour trading volume jumping 240% to $1.7 billion.

Mentioned in this article
Litecoin Bitcoin Ethereum Eric Balchunas James Seyffart
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Strategic Collaborations Between Public and Private Sectors: Driving Real Estate and Industrial Expansion in Underdeveloped Areas

- Public-private partnerships (PPPs) are transforming underserved regions by bridging infrastructure gaps and driving real estate and industrial growth. - Projects like Madrid Nuevo Norte and Costa Rica's affordable housing initiatives demonstrate PPPs' ability to boost property values and create jobs through mixed-use development and public land utilization. - U.S. data reveals racial disparities in PPP benefits, with communities of color experiencing lower baseline home values despite similar growth rate

Bitget-RWA2025/11/28 09:26
Strategic Collaborations Between Public and Private Sectors: Driving Real Estate and Industrial Expansion in Underdeveloped Areas

ICP's 30% Price Jump: Key Factors and What It Means for Web3 Investors

- ICP surged 30% in late 2025 due to upgraded on-chain governance and tokenomics, enhancing decentralized control and utility-driven demand. - Network Nervous System (NNS) reforms simplified neuron activation, boosted developer participation, and introduced periodic voting reaffirmations. - Caffeine AI integration and partnerships with Microsoft/Google drove TVL to $237B, though dApp usage declined 22.4% amid macroeconomic volatility. - Analysts project $11.15–$31.89 price range for 2026, contingent on sus

Bitget-RWA2025/11/28 09:26
ICP's 30% Price Jump: Key Factors and What It Means for Web3 Investors

New Prospects in EdTech for STEM and Renewable Energy Sectors: Strategic Integration and Sustainable Investment Opportunities

- Global decarbonization and tech innovation drive surging demand for STEM and renewable energy skills, but talent shortages persist. - Universities modernize curricula with quantum computing, AI ethics, and sustainable engineering to align with industry needs and green job targets. - EdTech bridges gaps through AI-driven personalized learning, VR/AR simulations, and cloud-based hybrid models, enhancing accessibility and practical training. - EdTech market projected to grow at 13.3% CAGR to $348B by 2030,

Bitget-RWA2025/11/28 09:26
New Prospects in EdTech for STEM and Renewable Energy Sectors: Strategic Integration and Sustainable Investment Opportunities

AAVE Rises 1.13% as Weekly Increase Balances Out Monthly Decline During Market Fluctuations

- Aave (AAVE) rose 1.13% in 24 hours, rebounding from a 39.1% annual decline amid crypto market volatility. - The 12.3% weekly gain reflects speculative buying in DeFi, though broader trends show 17.68% monthly losses. - Analysts highlight DeFi's fragility due to regulatory uncertainty and shifting capital flows, despite short-term optimism. - Aave's future depends on innovation, macroeconomic stability, and competition from emerging lending platforms.

Bitget-RWA2025/11/28 09:20
AAVE Rises 1.13% as Weekly Increase Balances Out Monthly Decline During Market Fluctuations