
Litecoin’s price fluctuated over the weekend, closely following Bitcoin’s trends, which stayed below the $95,000 mark.
Litecoin (LTC), a widely recognized proof-of-work cryptocurrency, is currently priced at $103.03, reflecting a 30% decrease from its peak in 2024. This downturn mirrors the trend seen across most cryptocurrencies, which have receded from some of last year’s gains.
The lackluster performance of Litecoin also stems from diminishing expectations regarding the Securities and Exchange Commission’s approval of a spot LTC ETF in 2025. As per Polymarket, the likelihood of approval has fallen to 42%, down from a high of 60% earlier this year.

Eric Balchunas, a senior ETF analyst at Bloomberg, expressed an optimistic outlook regarding the SEC’s approval of a spot LTC ETF. In a post from December, he asserted that the regulatory body would likely approve a Litecoin fund, considering it is a hard fork of Bitcoin (BTC).
Canary Capital is the sole company that has submitted an application for a spot Litecoin ETF. Additionally, Grayscale may consider filing to convert its Litecoin Trust, which currently holds over $215 million in assets, into a spot ETF, similar to its actions with Bitcoin and Ethereum.
While the introduction of a spot Litecoin ETF could benefit the cryptocurrency, it remains uncertain whether it will attract interest from institutional investors. A pertinent example is the performance of spot Bitcoin and Ethereum ETFs. Bitcoin funds boast over $107 billion in assets, accounting for 5.7% of the total market cap. In comparison, Ethereum funds have $11.6 billion, or 2.96% of the market cap, signaling weak institutional demand.
Interest in Litecoin is anticipated to be lower than that for Ethereum, given its smaller market cap of $7.7 billion. Furthermore, it has witnessed a decline in market share within the crypto space, dropping to the 22nd position from being a top ten coin a few years back.
Polymarket traders are hopeful for the SEC’s approval of Solana (SOL) and Ripple (XRP) ETFs this year. The agency’s likelihood of approving a spot XRP ETF stands at 70%, while Solana ETFs are at 73%. These funds may have a higher chance of success given that both projects have market caps of $144 billion and $67 billion, respectively.