ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted a prediction on the approval probability of spot cryptocurrency ETFs in 2025.Among them, Litecoin (LTC) and Dogecoin (DOGE) are the most likely to be approved, with probabilities of 90% and 75%, respectively. Solana (SOL) is at 70%, while XRP is lower at 65%.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) is seeking public comments on Grayscale's proposal to convert its Litecoin (LTC) trust into an ETF. In a document released on Thursday, the SEC acknowledged the application submitted by NYSE Arca on behalf of Grayscale and requested comments to be submitted within 21 days after publication in the Federal Register. The SEC may decide to approve, deny, or "initiate proceedings."Last month, NYSE Arca submitted a 19b-4 filing to apply for the conversion of the "Grayscale Litecoin Trust" and "Grayscale Solana Trust" into ETFs. The 19b-4 filing is the second part of a two-step process for proposing a spot cryptocurrency ETF. Once the SEC confirms the filing, it will be published in the Federal Register, initiating the agency's approval process.In recent weeks, several companies have submitted fund proposals based on other altcoins such as Dogecoin (DOGE), seemingly hoping that changes in SEC leadership may be more favorable for the approval of cryptocurrency ETFs.

ChainCatcher news, according to Fortune, since Trump's election, several companies have submitted numerous cryptocurrency ETF applications, including Solana, Dogecoin, and Litecoin, and the cryptocurrency asset management company Grayscale has also applied for an XRP exchange-traded fund.However, Bloomberg analyst James Seyffart warned not to be overly optimistic at this time, although he believes that the XRP ETF could potentially be approved in 2025, other cryptocurrencies' ETFs may come first. The U.S. Securities and Exchange Commission is currently involved in a lawsuit regarding "whether XRP is a security," and the SEC has never classified Litecoin as a security, so it would not be surprising to see a Litecoin ETF appear first.

ChainCatcher news regarding the SEC's approval of Bitwise's Bitcoin and Ethereum combo ETF. Bloomberg's senior ETF analyst Eric Balchunas posted an analysis on the X platform, stating that the U.S. Securities and Exchange Commission's move was expected, and even Gary Gensler would approve the Bitwise Bitcoin and Ethereum ETF.This move can be interpreted as the SEC accelerating the approval process for cryptocurrency ETFs, with the next likely being a Litecoin ETF, and more information may be available soon.

ChainCatcher news, the U.S. Securities and Exchange Commission has recognized Canary Capital for its 19b-4 filing submitted for the spot Litecoin ETF.

ChainCatcher message, according to official regulatory documents, CoinShares submitted the registration statements for "CoinShares Litecoin ETF" and "CoinShares XRP ETF" on Friday.In addition, the New York Stock Exchange (NYSE) submitted the 19b-4 filing for "Grayscale Litecoin Trust" on behalf of Grayscale, and submitted the 19b-4 filing for Grayscale Solana Trust. Both of Grayscale's filings include provisions regarding the conversion of the trusts into spot ETFs.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that, thanks to the leadership of Bitcoin ETFs, altcoin ETFs can achieve niche success.He wrote: "The best comparisons I can think of are that Litecoin should be like Local H, Solana is better than Ezra, XRP is Spacehog, and Doge is King Missile."

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media: "The Litecoin ETF has now met all the requirements, and the countdown for the first altcoin ETF in 2025 is about to begin. I see no reason to withdraw this application, especially since the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC has new leadership."Previous report, Nasdaq submitted the Canary Litecoin ETF 19B-4 filing application, initiating the regulatory review process.

ChainCatcher news, according to market news, Nasdaq submitted the Canary Litecoin ETF 19B-4 filing application, initiating the regulatory review process.

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on the X platform that Canary Capital's Litecoin ETF has submitted a revised S-1 filing, which may indicate that the SEC is paying attention to the application, but the 19b-4 filing, which is a key step in initiating the approval/denial process, has not yet been submitted.Previous news, Bloomberg ETF analyst Eric Balchunas stated that he heard the SEC has responded to the S-1 application for the Litecoin ETF.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform: "We have heard that the S-1 application for the Litecoin ETF has received a response from the SEC, which seems to confirm our prediction that Litecoin is most likely to be the next approved cryptocurrency ETF. That said, the new chairman of the SEC has not yet taken office, which is a huge variable."

ChainCatcher news, according to Cointelegraph, in the latest update, the Litecoin team announced that they have regained control of the account and stated that the recent hacking incident was due to a delegated account being compromised, which has now been deleted.In recent months, a series of account hacking incidents have occurred on X, leading to the promotion of fake tokens or phishing links aimed at stealing funds and sensitive data.

ChainCatcher news, according to IntoTheBlock data, nearly 80% of Litecoin holders are in profit.

ChainCatcher message, Litecoin's official Twitter retweeted a post about "Will Litecoin keep Lester as its mascot?" with the caption "Yes." or acknowledging Lester's status.

ChainCatcher news, the Litecoin X account stated that it has been nearly a week since the Litecoin X account posted the meme "Due to current market conditions I now identify as a memecoin," which is a light-hearted mockery of the current state of the cryptocurrency market and also a self-deprecating acknowledgment.Although Litecoin is one of the oldest and most reliable cryptocurrencies in the world, its achievements have been overshadowed and largely ignored in recent years. Greg (@greg16676935420) created a new mascot for Litecoin, but unfortunately, a group of people immediately took this mascot and used it to create a "lestercoin" on the Solana blockchain.Litecoin stated that it has no association with projects using the name or likeness of Lester on Solana, nor has it intentionally promoted or acknowledged their intentions; it is not the official mascot of Litecoin. Furthermore, Litecoin will continue to uphold the principle that "Bitcoin is gold, Litecoin is silver," striving to be the preferred method for global payments and transactions of goods and services, and this has not changed.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa's monitoring, a smart money FWuPs almost completed a full liquidation at the peak price of the Litecoin-themed meme coin LESTER on the Solana chain five hours ago, spending only 55.18 SOL (13,201 USD) to profit 556,000 USD, with a return rate of 4109.7%.