Litecoin (LTC) Could Become Third US Spot ETF with $580 Million Yearly Inflow

Canary Capital filed an application for a Litecoin ETF in October 2024, making analysts optimistic about a potential approval during Q1.

Cryptocurrency prices are showing mixed signals on Friday as some assets, like Litecoin (LTC), are rallying ahead of potential ETF approval. At the same time, other assets, like Avalanche (AVAX), continue to struggle and experience capital outflows. However, some promising altcoins, like Lunex Network (LNEX), are still recording high adoption rates.

Litecoin (LTC) Could Become Third US Spot ETF with $580 Million Yearly Inflow

Canary Capital filed an application for a Litecoin ETF in October 2024, and several cryptocurrency analysts are optimistic about its approval during the first quarter of 2025. Litecoin’s proof-of-work (PoW) consensus might help it avoid classification as a security. According to analysts, the Litecoin ETF could attract up to $580 million in first-year inflows, presenting new opportunities for Litecoin traders.

After a 5.2% intraday decrease, Litecoin is currently trading at $129. Litecoin's trading volume has decreased by 30% over the last 24 hours, indicating lower market participation. Despite the minor pullback, Litecoin's price is still trading above all its Exponential Moving Averages on the LTC/USDT daily chart. Moreover, since Litecoin's Momentum Indicator is also suggesting bullish dominance, the coin’s price might rally toward the critical $200 resistance before the first quarter ends.

Avalanche (AVAX) Struggles Continue As It Rests On Support

After slipping below the crucial $34 level in early February, the AVAX price began a steep decline as bearish sentiment gripped the market. Prior to the breakdown, however, a net positive entry of capital into Avalanche’s whale wallets was observed during the first month of 2025, with a total capital inflow of $600 million. While most of these positions are now underwater, there is still a lot of confidence in the long-term prospects of the coin, as evidenced by the anticipated large-scale recovery once the market recovers.

After an intraday increase of 3.4%, Avalanche is now trading at $24.60. Right now, Avalanche is trading below most of its long-term Exponential Moving Averages on the AVAX/USDT daily chart, indicating that its price is still in bearish territory.

Lunex Network (LNEX) Attracts Capital Inflow with B2B Payment Gateway

Despite not having its own ETF, Lunex Network has managed to attract over $7.2 million in capital inflows within a few weeks of its presale launch. The altcoin is gaining traction in the market for several reasons, with the standout being its interconnected ecosystem that facilitates seamless cross-chain trading.

By integrating the latest Web3 technology, Lunex Network is breaking down the barriers between isolated blockchain networks and connecting them with its vast ecosystem. With over 50,000 compatible tokens, Lunex Network enables users to trade cryptocurrencies across 40-plus different blockchains at no extra cost.

Every transaction is processed through Lunex Network's smart contract, which enables the platform to provide users with the lowest gas fees. The trade is strategically split across networks to source the highest liquidity, giving traders a seamless trading experience across the crypto ecosystem.

Lunex Network is also attracting a lot of capital from whales with its unique B2B payment gateway API. Merchants can use Lunex Network's gateway to receive cryptocurrency payments from customers anywhere in the world, removing the hassle of cross-border transactions. These payments can be instantly converted into fiat through Lunex Network, increasing the platform's utility and scalability.

Furthermore, Lunex Network is committed to user security, which is evident in its efforts to give investors complete control. Only merchants and traders have access to the private keys for their digital assets, keeping Lunex Network's ecosystem safe from any third-party manipulation.

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork