Litecoin (LTC) has seen a surge in inflows, likely driven by anticipation of a potential Litecoin Exchange-Traded Fund (ETF). In the past week, LTC attracted $1.8 million in inflows, making it the fourth highest performer. In total, inflows for the month and year amount to $4.5 million and $43 million respectively, resulting in total assets under management (AUM) of $151 million. The recent increase in inflows is connected to the filing of an S-1 registration by Canary Capital to launch a Litecoin ETF, which caused LTC's price to rise by 7.5%. Additionally, Litecoin has achieved a major transaction milestone and is now the top choice among crypto users for payments. These developments reflect a thriving community and optimism about the future of Litecoin, suggesting that the approval of an LTC ETF in the US could further boost the coin's value.
- Content Editor ( u.today )
- 2024-10-28
Litecoin ETF Hype Triggers Unexpected Inflow, What Next?