Trading volume surged along with the price in Altcoin, counting down the days for ETF approval! - Coin Bulletin

Litecoin (LTC) has experienced a significant surge in recent times with ETF rumors and the transaction volume on the network has increased by 243% in five months.

Litecoin, although not as popular on social media as cryptocurrencies such as XRP, Solana (SOL), or Chainlink (LINK), has experienced a significant surge recently alongside ETF rumors. According to Santiment's report, Litecoin's market value increased by 46% between February 2 and February 19, 2025. During the same period, the daily trading volume reached $9.6 billion, indicating an increase in network usage.

Major steps taken for Litecoin ETF

After the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), concrete steps have also been taken for a Litecoin ETF. CoinShares has applied for listing on Nasdaq and the SEC has started reviewing the process. According to analysts' estimates, the probability of approval for this ETF by the end of 2025 has reached 90%.

In addition, it was observed that Canary Capital's Litecoin ETF is listed in the Depository Trust and Clearing Corporation (DTCC) system with the symbol 'LTCC'. DTCC is known as an institution that plays a significant role in the financial markets and manages transactions worth trillions of dollars. According to Bloomberg analyst Eric Balchunas, although this development does not indicate the approval of the ETF, it shows that the issuer is progressing in the preparation process.