Part 8/12:
Often dubbed "digital silver" in comparison to Bitcoin's "digital gold," LTC has been relatively underwhelming in terms of institutional adoption, despite expectations for more ETF launches.
Market Performance: The first approved Litecoin ETF by Canary Capital launched during the shutdown and traded under $1 million on its first day. As of now, it has accumulated around $30 million in total trading volume, but with five consecutive days of zero inflows, signaling limited demand.
Future Outlook: Several more LTC ETFs are pending approval, which could reignite investor interest and potentially augment LTC’s price if demand increases.