Litecoin Surges 7% as SEC Likely to Approve Spot ETF with 90% Odds: Analyst | Breaking Crypto News & Blockchain Updates

Litecoin Surges 7% as SEC Likely to Approve Spot ETF with 90% Odds: Analyst — Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%. Bloomberg Seni...

Litecoin (LTC) price surged more than 7% on Thursday, outperforming the broader market gauge CoinDesk 20 Index, which climbed about 4%.

Bloomberg Senior ETF Analyst Eric Balchunas reports that spot Litecoin ETF approval chances have surged to 90%, with a decisive deadline of October 2nd that could dramatically broaden LTC's institutional investor base and potentially catalyze significant price appreciation.

Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via@JSeyffhttps://t.co/nLhYJJmO9Upic.twitter.com/4AcJVwhics

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence toour standards. For more information, seeCoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

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Joe Lautzenhisercontributed reporting.

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.Read more about CoinDesk's AI Policy.

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