ETF

Here’s why Litecoin price is pumping

Published

2 months ago

January 16, 2025

Litecoin price went vertical as it jumped for three consecutive days, reaching its highest level in almost a month.

The price of Litecoin (LTC) rose to $126, up 26% from its lowest level this week. It was the second-best performing coin after XDC Network (XDC).

Litecoin’s surge is primarily attributed to rising hopes that the Securities and Exchange Commission will approve a spot LTC ETF by Canary Capital.

In an X post, Eric Balchunas, a Senior ETF Analyst at Bloomberg, stated that the SEC had sent comments to Canary. These comments suggest that the agency may ultimately approve the fund.

We had heard chatter that the Litecoin S-1 had gotten comments back from SEC. This looks to confirm that which bodes well for our prediction that Litecoin is most likely to be the next coin approved. All that said, new SEC chair has yet to start and that’s a huge variable. https://t.co/cKFswPwcr0
— Eric Balchunas (@EricBalchunas) January 15, 2025

Litecoin, a Bitcoin fork, has a higher chance of approval compared to other projects like Hedera Hashgraph (HBAR) and Solana. Both HBAR and Solana are proof-of-stake networks with staking features, which the SEC often considers unregistered securities.

A Polymarket poll with nearly $10,000 in assets indicated that the odds of a spot LTC ETF approval rose to 60%, up from this week’s low of 40%.

Analysts remain optimistic that the SEC, under Paul Atkins, will adopt a more favorable stance toward crypto ETF approvals compared to Gary Gensler’s tenure.

However, it remains unclear whether a Litecoin ETF would attract significant capital from institutional investors. Data shows that institutional investors overwhelmingly prefer Bitcoin, which boasts over $120 billion in assets, compared to Ethereum’s $12 billion.

Litecoin price analysis

The daily chart shows that the LTC price has gone parabolic over the past few days. This rebound occurred after the coin formed a double-bottom pattern around $96. It has now surged above the neckline of this pattern at $117.17, its highest level on Jan. 6.

Litecoin is also supported by the 100-day moving average, while the Relative Strength Index (RSI) and the MACD indicators are both pointing upward. Therefore, the coin is likely to continue rising as bulls target the next key level at $146, which was its highest point on Dec. 5. This target represents an 18% increase from the current price.

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coinbase

Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts

Published

5 days ago

March 16, 2025

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Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares.

The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release.

The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC) drop by around 19% over the last three months, from over $105,000 to now stand at wrought $84,000. COIN shares saw even worse performance, losing nearly 42% of their value during the same period.

The new ETF allows investors to take advantage of Coinbase’s stock performance volatility without directly holding shares.

These types of single-stock leveraged ETFs, for both longs and shorts sides, are typically used for short-term trading due to the high levels of risks associated with daily compounding. The profits and losses for both types of these are amplified when the prices of the underlying stocks move significantly.

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21shares

21Shares to Liquidate Active Bitcoin and Ether Futures ETFs Amid Market Downturn

Published

5 days ago

March 15, 2025

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Crypto asset manager 21Shares is set to liquidate two actively managed exchange-traded funds (ETFs) tied to bitcoin and ether futures amid a wider market downturn.

The funds slated for liquidation are the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Investors can trade shares until the market closes on March 27, with liquidation expected to take place “on or around March 28,” according to a press release.

The actively managed ETFs, which have an expense ratio of 1% and 0.93%, respectively, are set to be liquidated as U.S.-listed spot bitcoin ETFs saw over $1.66 billion in outflows so far this month. The outflows come as cryptocurrency prices plunge. Bitcoin is down more than 12.8% year-to-date, while the broader CoinDesk 20 Index (CD20) has lost around 24% of its value over the same period.

Shareholders who hold onto their shares until the liquidation date will receive payouts equal to their portion of the fund’s net asset value, the document adds.
Read more: Bitcoin Price Drop to $80K: Crypto Market Analysis, ETF & Trump Impact

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Avalanche

VanEck Registers AVAX ETF in Delaware

Published

1 week ago

March 11, 2025

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VanEck has registered an Avalanche exchange-traded fund (ETF) in the U.S. state of Delaware as investment manager continue to apply for various altcoin-based product despite the clawback in the crypto market.

The New York-headquartered company registered the “VanEck Avalanche ETF” on March 10, according to a filing on Delaware’s Department of State website.

The registration comes amid an ongoing sell-off in the crypto market, which has seen Avalanche’s native token (AVAX) fall to a one-year low of $16.27.

Avalanche becomes the fourth crypto asset VanEck has registered an ETF for, following its filing for a spot Solana fund last June. VanEck was among the first issuers of bitcoin (BTC) and ether(ETH) ETFs after they were approved in January and July respectively.

Issuers are seemingly branching out across the altcoin market to develop new ETFs. Investment managers Rex Shares and Osprey Fund filed to list a MOVE fund on Monday.

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