Canary Capital has done it with their Litecoin ETF, listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC. This puts Litecoin 3rd behind Bitcoin and Ether to have a spot ETF. While the DTCC listing is big, the ETF still needs the U.S. Securities and Exchange Commission (SEC) approval. Canary filed its application to the SEC in October 2024, so an upcoming decision regarding approval is expected. The experts predict that this ETF will affect the overall crypto market values.
Bloomberg analysts Eric Balchunas and James Seyffart identify Litecoin as the cryptocurrency most likely to receive approval from the authorities. The Commodity Futures Trading Commission identifies Litecoin as a commodity. The filing of the ETF resulted in Litecoin achieving more than a 100 percent price increase. The current price of Litecoin stands at $123 with a 2% ascent in the latest hour per CoinGecko data.
The SEC submitted its proposed rule to the Federal Register on February 4, 2025, while granting a 45-day public comment period, which could extend to 90 days. Previous ETFs like VanEck’s Ether fund took about two months from DTCC listing to market debut. If approved, this ETF will increase institutional access to crypto and shift the market.
While institutions are looking at Litecoin, retail investors are looking at Ozak AI ($OZ), a project that combines AI with blockchain. Ozak AI is in Phase 3 of the presale, and tokens are $0.003. The presale has raised over $900,000, with 106 million tokens out of a total supply of 200 million sold. The next phase will be $0.005; projections say it could be $1 by the end of 2025. The $OZ tokens plan to initiate their exchange listing at the starting price of $0.05.
The business Ozak AI works to change financial decision systems by creating complex analytical market tools. A safe and fast data processing capability on the platform functions through decentralized physical infrastructure networks (DePINs) and optimized storage networks (OSN). Financial institutions requiring data-based decision systems will find appropriate solutions with this technology. Businesses that handle large datasets can also benefit from Ozak AI’s technology.
Analysts are seeing an appetite for AI-driven cryptos. Ozak AI’s presale proves that investors buy into projects combining tech with practical use. The marching deadline of February 28, 2025, triggers rising interest in Ozak AI. The cryptocurrency world should keep an eye on this particular project.
The crypto market shows rapid growth because the Canary Capital Litecoin ETF remains close to regulatory authorization, while Ozak AI has gained growing investor interest during its presale phase. The crypto space sees such advancements when both regulations and technological progress occur. The attention from investors centers on these initiatives since they will establish the path for digital finance along with modern financial systems.
For more information about Ozak AI, visit the links below:
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