LTC ETF Decision Looms as SEC Reviews Wave of Crypto Applications

The U.S. SEC is gearing up for a landmark year in cryptocurrency ETF approvals, with over 70 applications under review. Following the successful launch of Bitcoin and Ethereum ETFs in 2024, the regulatory body is now turning its attention to altcoins like Solana (SOL), XRP, and Dogecoin (DOGE). Analysts predict that spot ETF approvals for these assets could come as early as July 2025, with major coins such as Cardano (ADA) expected to follow by October. Among the most imminent decisions is the ruling on Canary Funds’ Litecoin (LTC) ETF, with a critical deadline fast approaching. This development marks a significant step forward in the mainstream adoption of cryptocurrencies, offering investors new avenues to gain exposure to digital assets through regulated financial products. The approval of LTC ETF could particularly bolster Litecoin’s market position, providing a benchmark for other altcoins awaiting similar endorsements.

Crypto Space to Get New ETF by May 5?

The U.S. SEC is poised to review more than 70 cryptocurrency ETF applications this year, building on the momentum of Bitcoin and Ethereum ETF approvals in 2024. Analysts anticipate spot ETF approvals for altcoins such as Solana (SOL), XRP, and Dogecoin (DOGE) as early as July 2025, with decisions on other major coins like Cardano (ADA) expected by October.

A critical deadline looms for Litecoin (LTC), with the SEC set to rule on Canary Funds’ LTC ETF by May 5. Bloomberg ETF analyst James Seyffart notes this filing stands out—unlike others, it hasn’t faced delays. The outcome could signal broader institutional acceptance of altcoins beyond Bitcoin and Ethereum.

Litecoin Surges on Spot ETF Approval Speculation

Litecoin’s LTC token rallied 4% to $89 amid growing market Optimism about a potential spot ETF approval by the SEC. The Canary Capital proposal has positioned LTC as a top performer among large-cap cryptocurrencies, with trading volumes spiking ahead of the anticipated regulatory decision.

Bloomberg ETF analyst James Seyffart’s recent comments appear to have catalyzed the move, drawing institutional attention to one of crypto’s oldest proof-of-work networks. Litecoin now ranks as the 21st largest digital asset by market capitalization.

Litecoin ETF Approval Odds Spike—Is a Major Price Rally Imminent?

Litecoin traded at around $86 during the Asian session as the broader crypto market stabilized. Bloomberg analyst James Seyffart noted that Litecoin’s ETF proposal stands a stronger chance of approval compared to other altcoins.

The SEC is expected to issue a decision soon on Canary Capital’s Litecoin ETF filing, which has so far avoided delays. The market responded with gentle growth, with LTC fluctuating between $86 and $87 during Monday’s Asian trading session.