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Cryptocurrency News Articles

Litecoin (LTC) Whales Accumulate Close to 1 Million Tokens as ETF Approval Odds Hit 90%

Feb 24, 2025 at 06:36 pm

February 24, 2025 marks another chapter in Litecoin's journey as large investors, known as “whales,” have purchased nearly one million LTC tokens over the past two weeks.

Large investors, known as “whales,” have purchased nearly one million LTC tokens over the past two weeks, according to crypto analyst Ali Martinez. This buying activity comes as experts predict high chances of a Litecoin ETF approval in 2025.

The cryptocurrency is currently trading at $127.97, showing a minor decline of 0.46% in the last 24 hours, according to data from CoinMarketCap. Despite this small dip, major investors continue to show strong interest in accumulating Litecoin.

Martinez reported the whale activity, noting that these large-scale purchases occurred within a two-week timeframe. This type of buying behavior often indicates that wealthy investors expect positive price movement in the future.

Whales bought 930,000 #Litecoin $LTC in the last two weeks! pic.twitter.com/rBBP9wNDUD

— Ali (@ali_charts) February 22, 2025

The timing of these purchases aligns with recent developments in the ETF space. Canary Capital’s Litecoin ETF has been listed on the Depository Trust & Clearing Corporation (DTCC), representing a step forward in the preparation process for a possible launch.

Bloomberg ETF analyst Eric Balchunas has placed the odds of a Litecoin ETF approval at 90%. This estimate exceeds the already optimistic prediction from Polymarket data, which shows an 85% probability of approval by 2025.

However, Balchunas added an important note of caution: while the DTCC listing shows preparation for a potential launch, it does not guarantee that regulators will approve the ETF.

The high probability of approval places Litecoin among several other cryptocurrencies expected to receive ETF approval in 2025. These include Solana, Dogecoin, and Cardano, suggesting a broader trend toward altcoin ETF launches.

A Litecoin ETF would create a new way for traditional investors to gain exposure to the cryptocurrency through regular brokerage accounts. This accessibility could bring new money into the Litecoin market.

The current price movement shows Litecoin in what traders call a bearish phase, meaning the price has been trending downward. Yet the whale accumulation suggests these large investors see value at current prices.

ETFs typically make it easier for institutional investors to include an asset in their portfolios. They remove the technical challenges of buying and storing cryptocurrency directly, which can be a barrier for some investors.

The whale buying activity represents roughly 1 million LTC tokens added to large wallets. This amount of purchasing can often lead to price increases if the supply of available tokens for sale decreases.

Traditional finance continues to merge with cryptocurrency markets as more investment products become available. ETFs represent one of the main ways this merger is taking place.

Martinez’s report on whale activity came through social media platform X, where many cryptocurrency analysts share their market observations and data analysis.

The combination of whale buying and high ETF approval odds has created attention in the cryptocurrency community, even as the broader market shows mixed price action.

The latest data shows Litecoin maintaining its position among the top cryptocurrencies by market size, even as its price experiences short-term volatility.

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