Spotlight in the USA in January Bitcoin Spot markets were held in Hong Kong yesterday following the approval of their ETFs. BTC and Ethereum ETF‘s were released.
After BTC and ETH ETFs, spot ETF possibilities for different altcoins are being discussed in the market, and the most talked about altcoins are: XRP and Litecoin (LTC) happened.
Last March, Fox Business reporter Eleanor Terrett shared in her post that institutional investors showed interest in the Litecoin ETF.
While the possibility of LTC ETF continues to be discussed after this news, the final evaluation Litecoin founder Charlie LeeIt came from.
In an interview, the founder of Litecoin said that the SEC in the USA LTC ETF’He said that he was sure that he would allow them, but that some more time was needed for this.
at this point Litecoin vs Bitcoin Lee argued that Litecoin’s adoption of proof-of-work and commodity-like nature make it a prime candidate for a spot ETF.
“There are great similarities between Bitcoin and Litecoin, and these features make LTC an important candidate for a spot ETF.
“Demand for LTC ETFs may not be the same as demand for BTC ETFs at first, but as the cryptocurrency market continues to mature, investors will realize Litecoin’s superior value and growth potential.”
“It is Difficult for Ethereum ETFs to Get Approval from the SEC!”
Finally Ethereum Referring to spot ETFs, the founder of Litecoin thinks that ETH ETF may see more demand compared to LTC.
However, Lee believes it is more difficult for ETH ETFs to gain approval from the SEC.
Litecoin creator @Satoshilite optimistic about the prospect of a #Litecoin Exchange-Traded Fund (ETF)https://t.co/ArgUzfunO8
— Litecoin (@litecoin) April 30, 2024
*This is not investment advice.
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