Coin That Underpins Dogecoin Becomes Market's Biggest Gainer— Litecoin Pops 7% After Filing Of Spot ETF Application
Portfolio Pulse from Aniket Verma
Litecoin surged over 7% after Canary Capital filed for a spot ETF tracking its price, marking it as the market's biggest gainer. The filing has increased trading volume by 149%, pushing Litecoin to its highest value in two and a half months.
October 16, 2024 | 4:19 am
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Litecoin's price surged over 7% following Canary Capital's filing for a spot ETF, significantly increasing its trading volume and market interest.
The filing for a Litecoin ETF by Canary Capital has directly influenced Litecoin's price, causing a significant increase in trading volume and market interest. This development is crucial for investors as it indicates potential institutional interest and legitimacy.
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