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The US Securities and Exchange Commission has made a “notable” step toward approving spot Solana exchange-traded funds in the US after acknowledging Grayscale’s amended application — in what analysts say is a first for SOL ETFs.  “This is actually newsworthy because the SEC had refused to do this in recent filing attempts for SOL,” Bloomberg ETF analyst James Seyffart said of Grayscale’s Feb. 6 amended 19b-4 filing for a spot Solana (SOL) ETF. Fellow Bloomberg ETF analyst Eric Balchunas said […]

Bloomberg exchange-traded fund (ETF) analysts have tipped a 90% chance that the US securities regulator will approve a spot Litecoin ETF before the end of the year.  Bloomberg’s James Seyffart and Eric Balchunas see its chances of being approved in 2025 as higher than other ETFs currently proposed, including a spot XRP (XRP), Solana (SOL) and Dogecoin (DOGE) ETF — which they see as having a 65%, 70% and 75% chance respectively.  Litecoin (LTC), which was created as a faster […]

Bitcoin (BTC) has been quiet over the weekend, indicating that the bulls and the bears are waiting for the next trigger to make their move. Although traders seem uncertain in the near term, analysts remain bullish over the long term. Market analyst Gert van Lagen highlighted that Bitcoin has broken out of a megaphone pattern, which could start a parabolic rise toward the $270,000-$300,000 range by 2025. Separately, analyst apsk32 expects Bitcoin to follow gold’s rally and reach $400,000. Crypto […]

On Feb. 9, Bitcoin (BTC) briefly rallied above $96,500, but the general daily price action has been more of the same sideways range trading as traders await a catalyst to start a trending move. The longer the price remains in a range, the stronger the eventual breakout or breakdown from it. CryptoQuant CEO Ki Young Ju said in a post on X that Bitcoin would remain in a bull phase even with a 30% drop to $77,000, based on historical […]

Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.  Litecoin’s (LTC) market capitalization surged by 46% from Feb. 2 to 19, showing increased investor interest, reported Santiment on Feb. 21. It added that part of this growth comes from “its strong rise in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 […]

US securities exchange Nasdaq has requested to list a Grayscale exchange-traded fund (ETF) holding the Polkadot network’s native token, DOT (DOT), filings showed. If approved, the Grayscale Polkadot Trust would add to the asset manager’s expanding suite of publicly traded crypto funds.  The filing adds to the litany of applications with the US Securities and Exchange Commission by exchanges and asset managers seeking to list ETFs tied to alternative cryptocurrencies, or altcoins. The SEC must review and approve the filings before […]

Litecoin (LTC) demonstrated a V-shaped recovery of 20% after dropping to $106 on Feb. 25. After a brief decline below the 50-day and 100-day exponential moving averages (EMAs), the altcoin has regained a bullish position and is currently outperforming a majority of assets within the crypto market. Litecoin 1-hour chart. Source: Cointelegraph/TradingView Litecoin has “one of the best charts in crypto” Litecoin’s current performance implies it is on an asymmetric rally versus the wider crypto market, and most LTC futures […]