Ecosystem development Litecoin highlights the growing adoption of digital silver. According to network data, the number of addresses holding LTC has grown from around 510 on January 000 to nearly 24 today.
In addition to the surge in trader activity, daily transactions on the network Litecoin rose to $9,6 billion after issuers ETF in the United States, there has been talk of creating products based on LTC. In February, the market capitalization Litecoin soared by almost 50%, indicating increased investor interest.
The excitement around LTC has increased after the SEC accepted a proposal to change the rules for the listing of the spot coin. ETF Litecoin CoinShares on Nasdaq. Listing planned now Litecoin - ETF Canary Capital in the Depository Trust and Clearing Corporation system under the ticker LTCC.
According to Litecoin Foundation, the Depository Trust system is a “key part of global financial markets.” The platform processes trillions of dollars in securities every day, and listing on it indicates the level of readiness of an issuer for a potential launch ETF .
Of course, all this does not guarantee SEC approval of the relevant ETF , however, if a positive decision is made, the price of LTC will increase significantly from the current $122.
