- Shan Belew predicts Litecoin will benefit from the anticipated spot Bitcoin ETF approval.
- Belew said this will happen because Litecoin is the most closely related digital asset to Bitcoin.
- Litecoin has been up in the past 24 hours, but investors are at a loss on the weekly price chart.
Renowned pro-Litecoin advocate Shan Belew has hinted that Litecoin may be one of the beneficiaries of the anticipated market boom expected in the coming weeks.
The engineer-turned-crypto native shared this optimism in a recent post on X (formerly Twitter). Belew said the eagerly anticipated spot Bitcoin exchange-traded fund (ETF) will be heavily marketed once it sees regulatory approval.
At the moment, analysts predict approval could come in a few weeks, going by the attitude in the U.S. Securities and Exchange Commission. Alongside a boom in Bitcoin’s price, the approval is expected to usher in increased capital inflow into the cryptocurrency ecosystem.
With expectations high, Belew opined that Litecoin could benefit from the ETF boost. The engineer based this on what he termed the closeness between the two digital assets. Belew tweeted, “The digital asset that …
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