Should You Forget About Bitcoin and Buy Litecoin Now?
You might be surprised to find out that, through the first two months of 2025, one of the best-performing major cryptocurrencies was Litecoin (CRYPTO: LTC). At one point, it was up more than 20%. By way of comparison, Bitcoin (CRYPTO: BTC) is down nearly 20% from its all-time high of $109,000 in January.If you're only focused on recent results, you might conclude that now is the time to forget about Bitcoin and buy Litecoin. But there are two big reasons why that would be a mistake.The primary reason why Litecoin pushed higher in January and February was due to growing anticipation over a potential spot ETF launch in 2025. Two investment firms -- Canary and Grayscale -- have already filed spot ETF applications with the SEC, and all signs point to SEC approval coming as soon as July. Right now, Bloomberg ETF analysts give Litecoin a 90% chance of getting a new spot ETF in 2025.Continue reading
You might be surprised to find out that, through the first two months of 2025, one of the best-performing major cryptocurrencies was Litecoin (CRYPTO: LTC). At one point, it was up more than 20%. By way of comparison, Bitcoin (CRYPTO: BTC) is down nearly 20% from its all-time high of $109,000 in January.
If you're only focused on recent results, you might conclude that now is the time to forget about Bitcoin and buy Litecoin. But there are two big reasons why that would be a mistake.
The primary reason why Litecoin pushed higher in January and February was due to growing anticipation over a potential spot ETF launch in 2025. Two investment firms -- Canary and Grayscale -- have already filed spot ETF applications with the SEC, and all signs point to SEC approval coming as soon as July. Right now, Bloomberg ETF analysts give Litecoin a 90% chance of getting a new spot ETF in 2025.
