LTC News: Litecoin and Hedera Lead the Race for Next Spot Crypto ETF

In the world of cryptocurrency, new developments are always at the forefront, driving the market and shaping the future of digital assets. Recently, Litecoin (LTC) and Hedera (HBAR) have emerged as front runners for the next spot crypto ETF, marking a significant milestone in the evolution of cryptocurrency investing.

Litecoin, Hedera Front Runners for Next Spot Crypto ETF

Canary Capital has filed a rule change with the Securities and Exchange Commission (SEC) for its Hedera (HBAR) ETF. The filing proposes listing shares as commodity-based trust shares under Nasdaq rule 5711(d). Bloomberg`s Eric Balchunas noted that the filing follows an amended S-1 submitted after the SEC provided comments, positioning the HBAR ETF alongside Litecoin (LTC) as a leading proposal among altcoin spot ETF applications. Regulatory shifts following Gary Gensler’s departure as SEC Chair have coincided with a rise in altcoin ETF filings, including proposals for spot ETFs on assets such as XRP and Dogecoin (DOGE).

Litecoin Struggles with Potential Drop Below $100

Litecoin (LTC) is experiencing increasing pressure as the broader cryptocurrency market pulls back. With a recent 24-hour drop of 3% to $123.31, Litecoin`s momentum is fading. The crypto market has seen nearly $250 million in liquidations over the past 24 hours, contributing to a bearish sentiment in Litecoin. Selling activity has raised concerns that Litecoin might test its next major support level near $98, potentially falling below the $100 mark.

Qubetics Top Token Presale Reaches $14.1M, Litecoin Mentioned

Qubetics ($TICS) is revolutionizing the blockchain and crypto scene with its 23rd presale stage raising over $14.1 million. The token has been sold to more than 21,300 holders, addressing real-world problems that other projects have struggled to solve. Qubetics stands out as a pioneering solution designed to bridge the gap between traditional finance and the emerging digital economy through Real World Asset Tokenization. Additionally, Litecoin (LTC) holds strong, although no specific details about LTC`s performance were provided in the context of this news.