LTC News: Surge in Crypto ETF Applications Post-Gensler Resignation

Following the resignation of former SEC Chair Gary Gensler, the cryptocurrency market has witnessed a significant surge in the number of crypto-based exchange-traded fund (ETF) applications. Bloomberg analyst Eric Balchunas reports that 33 crypto asset ETFs have been submitted to the US SEC, marking a notable increase in interest and activity within the sector. This development not only highlights the growing acceptance of cryptocurrencies but also underscores the evolving landscape of digital asset investment vehicles.

Crypto ETF Applications Double Post Gensler’s Resignation, Doge and Trump ETFs Emerge

Crypto-based exchange-traded fund (ETF) applications have reportedly doubled after former SEC Chair Gary Gensler’s resignation this week. According to Bloomberg analyst Eric Balchunas, 33 crypto asset ETFs have been submitted to the US SEC currently. The list of crypto ETFs filed with the regulator does not include only Bitcoin and Ether products. Asset managers have filed Solana, Litecoin, Doge and even a Trump exchange-traded fund.

LTC Demonstrates Resilience as HYPE Gains Momentum

Litecoin (LTC) shows potential for a rebound despite a 34% decline in price, with analysts suggesting that overcoming the $100 resistance level could trigger recovery. Meanwhile, Hyperliquid's price has increased by 18%, indicating a possible upward trend if it surpasses $24.62.

Litecoin Price Forecast: Traders bet $580M on LTC as US court lifts Tornado Cash ban

Litecoin price slipped toward $117 as a United States (US) court overturned the federal sanctions level against the Tornado Cash cryptocurrency mixing protocol. Will the regulatory clarity surrounding privacy-preserving technologies drive cryptocurrencies like LTC to new peaks in the NEAR term?