SEC Eyes Approval for a Diverse Crypto ETF Featuring Litecoin: A Milestone for Broader Financial Integration
by aria-crypto.com
March 18, 2025 at 00:10
SEC Eyes Approval for a Diverse Crypto ETF Featuring Litecoin: A Milestone for Broader Financial Integration
The U.S. Securities and Exchange Commission is currently reviewing a proposal from Hashdex, which seeks to expand its Crypto Index ETF to include a broader range of digital assets, including Litecoin. This addition aims to enhance the ETF's appeal to institutional investors by offering regulated exposure to a diversified portfolio of cryptocurrencies. The proposal highlights Litecoin's strong liquidity and lower transaction costs as key factors for its inclusion, positioning it alongside other major cryptocurrencies like Bitcoin and Ethereum. Bloomberg analysts project a high probability of Litecoin's inclusion, noting its decade-long market presence and technical similarities to Bitcoin. Should the SEC approve this ETF expansion, it would mark a significant step towards integrating cryptocurrencies into traditional financial markets, potentially paving the way for further altcoin approvals. Approval decisions are anticipated by mid-October, a timeline eagerly awaited by investors and financial institutions alike.
Most Read
No articles to show at the moment
Read more
>> South Korea's Central Bank Resists Bitcoin Amid Global Trend Towards Crypto Reserves
South Korea's central bank has ruled out adding Bitcoin to its foreign exchange reserves, citing the cryptocurrency's high volatility and non-compliance with international reserve asset standards. This decision...
2 hours ago
>> EU Courts Next Battleground in Epic Quest to Recover Lost Bitcoin
A British man, James Howells, continues his relentless pursuit to retrieve approximately 8,000 bitcoins, now valued over $600 million, after accidentally discarding a hard drive containing them in 2013. His jou...
3 hours ago
>> Canada-US Bitcoin Dynamics: Bitfarms Expands and ETFs Face Challenges
Canadian Bitcoin miner Bitfarms has successfully completed its merger, significantly enhancing its presence in the US market. This expansion marks a notable step in strengthening cross-border Bitcoin operations...
10 hours ago
>> CME and Solana Collaboration Ushers in New Era for Crypto Futures and ETF Prospects
The Chicago Mercantile Exchange (CME) has launched futures trading on Solana, marking a significant development in crypto financial products. This move could enhance liquidity and institutional credibility, pot...
11 hours ago
>> Crypto Dynamics Unleashed: Robinhood Teams Up with Kalshi for New Prediction Market Hub
Robinhood and Kalshi have joined forces to launch a crypto prediction market hub initially focusing on NCAA basketball tournaments. This collaboration emerges at a time when Robinhood has been taking advantage ...
>> Police Respond to Attempted Bitcoin Heist Targeting Influencer at Home
In a shocking incident this month, four teenagers assaulted influencer Kaitlyn Siragusa, known as Amouranth, in her Texas home, attempting to steal her Bitcoin. The culprits, armed and forceful, demanded the di...
14 hours ago
>> Kentucky Lawmakers Endorse Innovative Bitcoin Legislation
Kentucky lawmakers have passed HB 701, a pioneering bill that protects and promotes self-custody and mining of Bitcoin in the state. Introduced by Representatives Adam Bowling and T.J. Roberts, the bill receive...
20 hours ago
>> EU Investigates OKX Amid Allegations of Bybit Hack Fund Laundering
Amid rising scrutiny, OKX, a prominent crypto exchange, has suspended its decentralized exchange (DEX) aggregator following allegations it facilitated laundering of $100 million from the Bybit heist. European r...
>> SEC and Ripple Near Settlement, Eyeing Commodity Status for XRP Amid Legal Challenges
The legal skirmish between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be concluding, with indications that XRP may soon be regarded more seriously as a commodity. Inside sources sug...
a day ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
