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LTC in the Spotlight: Litecoin Among Top Crypto ETFs Poised for 2025 Approval

LTC in the Spotlight: Litecoin Among Top Crypto ETFs Poised for 2025 Approval

Author:
LTC News
Published:
2025-05-01 03:53:10
15
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[TRADE_PLUGIN]LTCUSDT,LTCUSDT[/TRADE_PLUGIN]

Bloomberg’s Senior ETF Analyst Eric Balchunas has shed light on the potential approval of spot cryptocurrency ETFs by the U.S. SEC, with Litecoin (LTC), Solana (SOL), and XRP leading the charge. As regulatory scrutiny evolves, the odds for these crypto ETFs appear increasingly favorable, marking a significant milestone for the digital asset market in 2025.

Litecoin, Solana, XRP Among Top Crypto ETFs Set for 2025 Approval

Bloomberg’s Senior ETF Analyst Eric Balchunas has provided fresh insights into the potential approval of spot cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC). The odds for several crypto ETFs, including those tracking Litecoin (LTC), Solana (SOL), and XRP, appear promising as regulatory scrutiny evolves.

Balchunas emphasized the likelihood of approval in a recent social media post, though he noted the need for direct confirmation from SEC officials. The analysis highlights growing institutional confidence in digital assets, with crypto ETFs seen as a bridge between traditional finance and blockchain innovation.

Crypto Markets Rebound Alongside U.S. Stocks After Early Volatility

Cryptocurrencies pared early losses to trade flat as U.S. equities staged an afternoon recovery. Bitcoin (BTC) dipped just 0.4% to $94,700 after briefly falling 2% during a broad market selloff. The CoinDesk 20 index underperformed with a 2% decline, dragged down by altcoins including Litecoin (LTC), Ripple (XRP), Avalanche (AVAX) and Chainlink (LINK), all shedding roughly 4%.

Crypto-related equities mirrored the muted recovery, with Bitcoin miner Hut 8 (HUT) notably underperforming at a 5.7% loss. The session’s volatility echoed traditional markets, where major U.S. stock indexes initially tumbled over 2% before retracing losses.

Pi Coin Price Prediction: Is $1.70 Coming After 7% Rise?

Pi Coin shows tentative signs of recovery amidst a sluggish crypto market. The altcoin, currently trading at $0.6249 with a 7% gain, faces an uphill battle after a 12% monthly decline. Its $4 billion market cap suggests lingering investor interest despite failing to sustain February’s $3 peak.

Bitcoin holds steady near $94,880 while major altcoins bleed. The global crypto market cap dipped 1% to $3.07 trillion, casting shadows on speculative assets. Yet Pi’s recent bounce hints at potential May momentum—if it can overcome persistent bearish pressure.

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