Nasdaq Approves Litecoin Hedera Spot ETFs Amid Crypto Market Surge
Nasdaq Approves Litecoin Hedera Spot ETFs Amid Crypto Market Surge

Nasdaq Approves Litecoin Hedera Spot ETFs Amid Crypto Market Surge

News summary

Historical data from 2020 to 2024 shows that Aave (AAVE), Ethereum (ETH), and Dogecoin (DOGE) tend to rally in the first week after Halloween, with AAVE displaying the most consistent post-Halloween gains averaging an 11.8% increase. Ethereum exhibits steadier but positive returns averaging 4.5% post-Halloween, while Dogecoin experiences higher volatility but still posts net gains most years. Amid recent market volatility, certain altcoins such as Digitap (TAP), Hyperliquid (HYPE), and Cardano (ADA) have demonstrated resilience, with Digitap's fiat-crypto bridge and Cardano's potential ETF approval drawing investor interest. Additionally, the crypto market is witnessing significant ETF developments, with Canary Funds' spot Litecoin (LTC) and Hedera (HBAR) ETFs set to launch on Nasdaq, and Bitwise's spot Solana (SOL) ETF and Grayscale's GSOL product approved for the NYSE, facilitated by a regulatory clause allowing automatic approval during the government shutdown. These ETF launches mark a notable step in institutional adoption and provide regulated pathways for investors to access altcoins. Overall, the period around Halloween and the current market environment present both historical rally opportunities and new investment avenues through ETFs in significant altcoins.

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