LTC News: Litecoin Poised for Growth as US Crypto Index ETFs Launch and Plan to Add LTC

In the world of cryptocurrencies, Exchange Traded Funds (ETFs) have become a significant focal point for investors looking to diversify their portfolios. Recent developments in the US have seen the launch of two new crypto index ETFs, with more digital assets, including Litecoin (LTC), set to be added in the future.

Crypto ETF Updates: US Crypto Index ETFs Now Live, with More Digital Assets to Be Added

Franklin Templeton’s EZPZ ETF, which holds both BTC and ETH, and the Hashdex Nasdaq Crypto Index US ETF have launched in the US. The Hashdex fund plans to add seven more digital assets, including SOL, XRP, ADA, LINK, AVAX, LTC, and UNI, according to a recent filing.

Bitcoin Cash Stumbles Amid ETF Discussions, Litecoin Gains Momentum

Bitcoin Cash (BCH) experienced a volatile week, initially rising 6% to $330 before falling 4% to approximately $318. The surge was partially driven by discussions around new exchange-traded funds (ETFs), but the excitement was short-lived. In contrast, Litecoin (LTC) gained momentum as the SEC’s approval of more ETF proposals spurred investor interest. BCH’s average transaction size has dropped 67% since February, indicating cautious behavior among large investors, while LTC’s average transaction size increased by 35%, showing strong institutional interest. Technically, BCH is at risk of a “death cross,” potentially signaling a bearish trend. Despite current challenges, any recovery above $350 for BCH remains slow and uncertain.

Altcoins Surge Past Bitcoin in Trading Volume, Signaling Altcoin Season

Altcoins now have 2.7x the trading volume of Bitcoin, signaling a potential altcoin season. CryptoQuant CEO Ki Young Ju claims the altcoin season is driven by volume, particularly from stablecoins like USDT and USDC, rather than direct Bitcoin rotation. Experts have generated contrasting viewpoints about the altcoin market undergoing fundamental transformation.