The crypto market is slightly bouncing back from early Friday’s jitters on escalating conflict between Israel and Iran.

After slumping to the $102,600 mark, bitcoin

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rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the last 24 hours, changing hands at $105,200 and still less than 6% shy of its all-time high price.

Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — has lost 4.4% in the same period of time. Tokens such as ether

, avalancheand toncoinwere the hardest hit, slumping between 6% and 8%.

Crypto stocks, however, aren’t doing too hot. Most equities are in the red, especially bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT), down 5% and 4% respectively. A notable exception is stablecoin issuer Circle (CIRCL), which is still benefiting from the windfall of its recent IPO; the stock is up 13% today, with news of retail giants Amazon and Walmart reportedly exploring stablecoins adding to the momentum.

Traditional markets don’t seem overwhelmingly concerned by the war. While gold is up 1.3%, potentially gearing up for new all-time highs, the S&P 500 and Nasdaq are only down 0.4% each.

What's next for bitcoin?

"Nice bounce thus far and lack of follow-through lower," well-followed crypto trader Skew said in a Friday X post. Market participants will likely remain cautious through the weekend with BTC tightly correlated with traditional markets amid heightened geopolitical risks, Skew added.

On the longer timeframe, some analysts see risks of a deeper pullback.

10x Research founder Markus Thielen noted that BTC's drop below $106,000 translates to a failed breakout, and traders should wait for more favorable setups before rushing to buy the dip.

(10x Research)

He highlighted the $100,000-$101,000 zone as key support, warning that a break below could mark a return to the broader consolidation phase similar to last summer.

John Glover, chief investment officer at bitcoin lender Ledn, argued that bitcoin entered a corrective phase from its record highs that could see the largest digital asset drop to $88,000-$93,000.

Bitcoin's potential corrective phase in a larger uptrend, per John Glover (Ledn/TradingView)

He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend.

"Once this pattern has played out, the next move higher to the $130,000 area is expected to begin," he said.

BTC Price News: Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

Walmart, Amazon, and other massive global companies are reportedly looking into the benefits of having their own stablecoins.

According to a new report by The Wall Street Journal, anonymous people familiar with the matter say that some of the world’s largest retailers are considering issuing their very own dollar-pegged crypto assets in the US in an effort to save billions of dollars in transaction fees.

Such a move would mark a major shift away from the traditional finance system, which includes the nation’s largest banks and credit providers. Other firms that are reportedly exploring the potential use of stablecoins include Expedia Group and unnamed airline companies.

Stablecoins are digital assets pegged to other assets – such as the dollar, precious metals, or other crypto assets – and are typically backed on a one-to-one basis. Stablecoins have been gaining traction recently due to their low transaction fees and faster payment processing times.

The firms’ decisions may ultimately depend on the fate of the GENIUS Act, a stablecoin bill still making its way through Congress and yet to pass either chamber.

The GENIUS Act, introduced earlier this year, aims to establish a regulatory framework for alternative payment systems, opening the door for new players to compete with giants like Visa and MasterCard.

The sources say that Amazon’s stablecoin exploration has mostly revolved around creating one for online purchases, while Walmart has lobbied to change the GENIUS Act to introduce more competition in the credit-card sector.

The firms are also considering how to use existing stablecoins if they decide not to create their own.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Walmart, Amazon and Other Multinational Giants Considering Issuing Stablecoins: Report

Key Takeaways:

Jamie Selway, a crypto-savvy Wall Street veteran, is the SEC’s new Director of Trading and Markets.

His appointment marks a strategic pivot toward innovation and crypto integration under the Trump administration.

Selway’s background includes leadership roles at Blockchain.com, Skew (now part of Coinbase), and key fintech advisory positions.

The U.S. Securities and Exchange Commission (SEC) has appointed Jamie Selway, a veteran executive with strong connections to crypto and financial markets, as the new director of its Division of Trading and Markets.

Selway’s appointment is an indication of a major focus of regulatory change. Unlike his predecessors, he injects a fintech and digital asset pedigree into the agency — part of a broader pro-crypto tone struck by the current administration.

Who Is Jamie Selway? A Hybrid of Wall Street and Crypto

Selway’s credentials are a rare mix of academic rigor and real-world impact. He holds a Master’s in Financial Mathematics from the University of Chicago and a B.A. in Mathematics and European History from Washington & Lee University.

Before entering crypto, he held executive positions at:

Investment Technology Group as Managing Director and Head of Electronic Brokerage

White Cap Trading (co-founder and chairman)

Archipelago , one of the earliest electronic communications networks, as Chief Economist

Goldman Sachs , in Equity Derivatives Research

He has also served as a board member and advisor to numerous fintech firms, including Protego Holdings, Skew, and AllofUs Financial.

A Crypto-Native Inside the SEC: Why It Matters

The hiring of Jamie Selway upon June 17, 2025 is one of the most crypto-centric activities ever conducted by the SEC. It’s not a deep résumé in the traditional sense — it’s an untraditional résumé that is deeply entrenched in blockchain tech.

Selway’s Crypto Credentials Run Deep

Selway served as the Global Head of Institutional Markets at Blockchain.com in 2018–2019 — at a time when the firm was going full-throttle on expanding its trading operations and OTC desk. He also served in leadership roles at Skew, a popular crypto derivatives data analytics company that was acquired by Coinbase in 2021. His advisory position at Protego Trust, a crypto-native custodian, only reinforces his expertise in the ever-changing landscape of digital assets.

Selway’s relationships with those platforms signal that he’s not merely empathetic to what crypto markets require — he understands the plumbing, the data needs and the pain points of each jurisdiction.

A Shift in Regulatory Tone Under the Trump Administration

Under President Trump’s second term, the SEC is undergoing what insiders call a “course correction” after years of aggressive crypto crackdowns. The Biden-era SEC, under former Chair Gary Gensler, pursued lawsuits against many top players in crypto, including Coinbase, Ripple, and Binance, classifying most tokens as unregistered securities.

Now, that aggressive approach is clearly being reevaluated.

Read More: Ripple and SEC Push to Unlock $125M in Escrow—But Only One Side Gets Paid

New Leadership, New Direction

SEC Chairman Paul S. Atkins, appointed earlier this year, stated that Selway’s selection reflects a need for balanced oversight — particularly in emerging markets like crypto.

“Jamie brings decades of industry experience in market structure and across multiple asset classes to this critical role,” Atkins said in a press release. “He will play a key role in ensuring our markets remain competitive, efficient, and fair — while supporting innovation.”

With Selway onboard, the SEC is likely to take a more constructive approach to digital asset regulation — one focused on clarity over enforcement.

Industry Reaction: Cautious Optimism Among Crypto Executives

Crypto insiders welcomed the appointment, with many seeing Selway as a rare insider who actually understands how blockchains operate.

“Jamie is the kind of regulator the industry has been waiting for — pragmatic, data-driven, and connected to both Wall Street and Web3,” said a crypto compliance officer at a major U.S. exchange.

His familiarity with trading architecture, from both traditional and decentralized platforms, makes him uniquely qualified to lead at a time when DeFi regulation, token classification, and exchange oversight are top of the agenda.

Read More: SEC’s Surprise Move on DeFi Sparks Frenzy: Top CEOs React as Crypto Policy Shifts in U.S.

What’s Next? Immediate Regulatory Impacts to Watch

Expect a Lighter Touch on DeFi and Exchange Oversight

One of the most controversial moves proposed under the previous SEC administration was expanding the definition of “exchange” to include decentralized finance (DeFi) platforms. These proposals, if implemented, could have crushed many on-chain protocols by subjecting them to centralized regulatory standards.

However, just one day before Selway’s appointment was announced, the SEC began withdrawing several proposed rules related to digital asset markets, many of which would have redefined how DeFi protocols are categorized.

Selway’s background indicates he could steer a more temperate regulatory approach that facilitates compliant DeFi innovation instead of stamping it out.

Expect New Guidance Instead of More Lawsuits

Sources close to the SEC suggest that with Selway at the helm, the approach could change to delivering detailed regulatory guidance for crypto platforms instead of engaging in expensive, protracted lawsuits.

That dovetails with the Trump administration’s push for regulatory transparency and predictability. Trump, who ran on a pro-crypto platform, has hired a number of pro-crypto individuals to government positions, such as his nominee to lead the CFTC, former CFTC Commissioner Brian Quintenz.

SEC Appoints Former Blockchain.com Executive to Lead Trading and Markets

DoubleLine Capital CEO Jeffrey Gundlach is warning that investors holding trillions of dollars in US assets could soon reallocate capital overseas.

In a new interview with Bloomberg, Gundlach says recent behavior in the stock market, the dollar and the Treasury market appears “strange” to him, hinting at deeper concerns that are unsettling investors in US assets.

According to Gundlach, investors are beginning to sniff out the looming risks tied to the US government’s unsustainable fiscal trajectory.

“In the last 15 years, there has been a number of corrections on the S&P 500, and in every single one of them, when the S&P goes down by more than 10%, the trade-weighted dollar index goes up. This time, the dollar went down when the S&P 500 went down by almost 20%. That’s strange, things are behaving differently.

Usually when the Fed starts cutting interest rates, rates across the yield curve go down. The 10-year Treasury almost always goes up [in price] immediately following the first Fed rate cut, and then it keeps rallying for a while. This time, the 10-year yield went up, and the yield curve is steepening.

So I think what we have is recognition that the interest expense for the United States is untenable – if we continue running a $2.1 trillion budget deficit and we continue to have sticky interest rates.”

The Bond King zeroes in on foreign investors, noting that they hold tens of trillions of dollars in US assets. Gundlach says it is now within the realm of possibility for the investor cohort to start exiting US markets.

“There’s a net investment position; foreigners were investing more in the US than the US was investing outside the country to the tune of $3 trillion. That was about 15 or 17 years ago. It’s now over $25 trillion is the net investment position, and the dollar is falling. It’s not inconceivable that some of that $25 trillion that came in not even two decades could go out.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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‘Bond King’ Jeffrey Gundlach Warns $25,000,000,000,000 Investor Cohort Could Start Yanking Capital out of US Amid Massive Fiscal Deficits

A former crypto executive has been tapped to serve as the director of trading and markets at the U.S. Securities and Exchange Commission (SEC).

Jamie Selway, a veteran financial services executive, will begin serving in the role on June 17th, per a new press release from the regulator.

SEC Chairman Paul Atkins says Selway will help “ensure the agency’s regulations balance costs and benefits.”

The SEC has adopted a more crypto-friendly stance under Atkins, who has sought to distance the regulatory agency from the high-profile enforcement actions overseen by Gary Gensler, the previous chair.

Gensler launched legal battles against numerous crypto firms, including industry giants Binance, Kraken, Coinbase, Ripple, Uniswap Labs and Consensys. Since Gensler stepped down in January, many of those cases have been closed.

Atkins said last month that the SEC’s “legacy rules and regulations” don’t contemplate the novel use cases of blockchain technology.

“In order for the United States to be the ‘crypto capital of the planet’ as envisioned by President Trump, the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets. Rules and regulations designed for off-chain securities may be incompatible with or unnecessary for on-chain assets and stifle the growth of blockchain technology.

A key priority of my Chairmanship will be to develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad actors from violating the law.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Former Crypto Executive Appointed To Serve As SEC’s Director of Trading and Markets

Analytics platform Swissblock is outlining the path forward for Bitcoin (BTC) amid stiff resistance at a level just below the all-time high.

According to Swissblock, Bitcoin is “stalling below $110,000” and the upward trend is now under pressure as a broad trading range appears to form between the resistance level and a price of $100,000.

“Consolidation may last, but one thing’s clear: No breakout without strong fundamentals.”

Bitcoin is trading at $104,447 at time of writing, around 7% below the all-time high of just under $112,000 reached last month.

Earlier in the week, Swissblock had warned that a failure by Bitcoin to break out amid a lack of fresh investor flows could lead to a double-top.

A double-top is an extremely bearish technical reversal pattern formed when the price of an asset forms two consecutive peaks, an indication that there’s a strong resistance level that the price is unable to pierce through.

According to Bitcoin Vector, a joint report by Swissblock and on-chain analyst Willy Woo, BTC liquidity has been trending lower for the past couple of days, an indication of falling volume levels, a declining number of transactions and reduced activity.

But Bitcoin Vector says a further correction is unlikely.

“Here’s the interesting part: network growth remains stable, participants are not leaving the market.

This aligns with a key point from Bitcoin Vector: profit-taking remains low, meaning selling pressure is limited.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Analytics Platform Warns Bitcoin Is ‘Stalling’ Below Major Resistance Level, Says Breakout Won’t Happen Until This Happens

Billionaire hedge fund legend Ray Dalio thinks investors aren’t paying attention to obvious factors in meme stock trading.

Dalio says in a new post on X that there’s always a “current most popular meme” that everyone believes in but is bound to lose its status.

“These memes typically are due to a mix of extrapolating what happened before and emotional considerations. Also, most investors typically don’t take into consideration market pricing. In other words, they tend to identify what has been a great investment (e.g., a strongly performing company) as great, and they don’t pay enough attention to its pricing, even though its pricing (whether it is cheap or expensive) is the most important thing.”

Dalio says this behavior sets the stage for potential market missteps, especially in the current economic climate.

At this time, it is typical for almost everyone to be looking to make money by buying assets that they believe will go up (rather than betting on them going down), and they quite often use leverage.”

Dalio’s meme trading advice follows dire warnings he’s recently issued about the US economy. Earlier this month, Dalio argued in an interview on PBS that the government needs to lower its budget deficit as a percentage of GDP from 7% to 3%.

“It has to be done with three things, and it has to be spread out among these three things, because any one of those three things would be too painful. Those three things are tax revenue, spending cuts and interest rates.

Although Congress and the president in the process does not deal directly with the third of those, right now a trillion dollars – half of our deficit – is interest payments, and not only do we have a trillion dollar interest payment, in the next year, we have nine trillion dollars of debt maturing that has to be either rolled over or sold…

So there’s what I call my 3%, three-part solution, which was very similar to 1991-1998. It was cut by 5% of GDP, the budget deficit, in those years was cut by 5% of GDP by spreading it around. So those are the three things that are needed.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Billionaire Investor Ray Dalio Outlines Meme Stock Trading Strategy, Says Investors Are Not Paying Enough Attention to the ‘Most Important Thing’

New court filings show that NBA legend Shaquille O’Neal will settle a lawsuit related to the endorsement of defunct crypto exchange FTX for $1.8 million.

According to recent court documents, the retired superstar is settling a lawsuit where he’s accused of promoting FTX, which went bankrupt in 2022 after its chief executive, Sam Bankman-Fried, was found to be mishandling billions of dollars worth of customer funds as well as defrauding investors.

“This proposed settlement… results from the tremendous efforts of the parties, with negotiations informed by previous mediations and settlement agreements which were reached in this action.

Defendant O’Neal has agreed to provide $1,800,000 in monetary relief in exchange for reaching this early settlement, which amount will be paid within 30 days after the effective date of the settlement.”

However, the agreement between the parties is still pending approval from the court.

O’Neal and other marquee celebrities – such as fellow NBA superstar Stephen Curry, NFL quarterbacks Tom Brady and Trevor Lawrence, MLB pitcher Shohei Ohtani, Shark Tank investor Kevin O’Leary, and supermodel Gisele Bündchen – were all accused of failing to perform due diligence before promoting FTX in a class action lawsuit filed in 2022.

O’Neal, who received $750,000 to endorse the crypto exchange, first agreed to a settlement in April, though the amount at the time was undisclosed.

Bankman-Fried was found guilty of his crimes in 2023 and was sentenced to 25 years behind bars in 2024.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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NBA Legend Shaquille O’Neal To Settle FTX Endorsement Lawsuit for $1,800,000

GameStop is preparing to distribute millions of dollars to customers to settle allegations that the gaming giant illegally shared their personal information.

The class action lawsuit accused the retail giant of breaking the federal Video Privacy Protection Act (VPPA) by handing sensitive information over to Facebook.

Specifically, GameStop is accused of using a Facebook tracking pixel on its website that quietly and automatically sent customers’ personal information, including video game purchase details, to Facebook without consent.

The $4.5 million settlement applies to people who purchased a game from the company’s online store from August 18th, 2020 through April 17th, 2025.

At the time of the purchase, eligible customers must have been members of Facebook and maintained a public Facebook profile using their actual name.

The settlement website to file a claim is here.

The exact number of people affected by the settlement is unclear, and affected customers are set to receive up to $5 cash or a $10 voucher – suggesting hundreds of thousands may be eligible.

GameStop has not admitted any wrongdoing in the settlement, and the company has pledged to permanently remove the tracking pixel to prevent future unauthorized data sharing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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GameStop Handing $4,500,000 To Customers After Allegedly Violating Privacy Laws, Sending Personal Information To Facebook

The U.S. Treasury Department has now poured $20 billion into a major Treasury buyback operation in the span of two weeks.

The Treasury’s June 3rd and June 10th buybacks, which are historic in size, allow the agency to repurchase securities maturing between May and July of this year.

The move has triggered social media speculation that a stealth quantitative easing operation is now underway, with the Treasury mimicking the Federal Reserve’s money-printing tactics to stimulate the economy.

Skeptics argue that by repurchasing illiquid bonds with borrowed funds, the Treasury is subtly propping up the bond market to maintain confidence in an overextended system.

But Bianco Research’s Jim Bianco says claims that the Treasury’s moves are a form of quiet QE are way off the mark.

“Everyone is calling Treasury buybacks “stealth QE.” They misunderstand. This is the Treasury, not the Fed…

The Treasury cannot “print.” The Treasury borrows new more liquid “on-the-run” bonds and uses the proceeds to buyback old illiquid “off-the-run” bonds.

Buybacks do not “create money,” rather they improve the overall quality of the bond market.

Buybacks support the bond market in that they make it more liquid so it reduces the (lack of) liquidity premium. But that’s only a few basis points.”

Treasury Secretary Scott Bessent recently touted the agency’s “big toolkit” to support the bond market if needed, citing buybacks as a strategic option to enhance liquidity and stabilize conditions.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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U.S. Treasury Quietly Pours $20,000,000,000 Into Record-Breaking Bond Buyback Operation – Is Stealth QE Underway?

The BRICS economic alliance is expanding as more countries join the push for de-dollarization.

The Brazilian government, which currently presides over the alliance, announced on Friday that Vietnam would join BRICS as a “partner country.”

Partner countries, a category the bloc established last year, aren’t full-fledged members but are invited to participate in the BRICS summit and can endorse the alliance’s declarations.

Vietnam is the 10th partner country, joining Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan.

BRICS held its initial summit in 2009 was originally just called BRIC, which stood for its four founding members: Brazil, Russia, India and China. The acronym changed to BRICS after South Africa joined the following year.

In 2024, it expanded membership to other nations, including Iran, Egypt, Ethiopia and the United Arab Emirates, and Indonesia joined in early 2025.

Brazil also claims that Saudi Arabia is part of the bloc, but the Middle Eastern country has reportedly eschewed formal membership in the intercontinental economic alliance to avoid antagonizing the US.

Brazil says current BRICS priorities include “facilitating economic transactions between bloc countries, such as the use of local currencies; the development of international payment platforms; cooperation in government procurement; and the promotion of trade facilitation measures, among others.”

In 2023, the alliance reportedly began working on creating a common currency backed by gold and potentially additional precious metals and assets to circumvent reliance on the US dollar, though officials from several of the bloc’s member countries claimed in early 2025 that they weren’t pushing for de-dollarization.

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Vietnam Joins BRICS As ‘Partner Country’ Amid the Economic Alliance’s Push for De-Dollarization

Key Takeaways:

The SEC is reviewing multiple proposals for a spot Litecoin ETF, sparking investor excitement.

If approved, a Litecoin ETF could significantly increase accessibility and institutional interest in LTC.

The ETF would allow users to trade Litecoin exposure via traditional stock markets—no wallets or private keys needed.

Following Bitcoin and Ethereum, Litecoin breaks into Wall Street as rally kicks off a possible place for a Litecoin ETF, which has now been submitted to the SEC, could be a game changer for both retail and institutional investors seeking regulated crypto exposure.

What Is a Litecoin ETF and Why Does It Matter?

Litecoin: The “Silver” of Crypto

Litecoin (LTC) is one of the earliest and most well-known cryptocurrencies, launched in 2011 by Charlie Lee. It was conceived as a faster alternative to Bitcoin, with quicker transaction times and lower fees, all with a proof-of-work model similar to that of Bitcoin. Described as the “silver” to Bitcoin’s “gold,” Litecoin is intended to be a more nimble currency for digital transactions.

Fast and efficient with 84 million LTC tokens in circulation, and 2.5 minutes per block on average, Litecoin has a strong commitment to speed. For all its years on the scene, though, it never quite felt like something that the broader consumer population would be building into its long-term financial planning — until now.

Understanding ETFs

Exchange-Traded Funds (ETFs) are investment vehicles that attempt to replicate the value of a set of assets. They are listed on classic stock exchanges and permit investors to gain exposure to an asset without holding it directly. ETFs are widely used for equities, commodities, and now, increasingly, cryptocurrencies.

A Litecoin ETF would enable investors to buy stock that represents the price of Litecoin without needing to worry about interfering with crypto wallets or exchanges.

Where Do We Stand Now?

SEC Acknowledges Spot Litecoin ETF Filings

On January 29, 2025, the U.S. Securities and Exchange Commission (SEC) officially confirmed receiving the 19b-4 filing by Canary Capital for a spot Litecoin ETF. The submission initiates a formal 240-day review. The ETF intends to custody the underlying Litecoin to offer investors direct exposure to its price.

Meanwhile, Grayscale Investments is working to reattribute its Litecoin Trust (GLTC) to a spot ETF. The SEC put this filing under review on February 6, 2025, giving Litecoin another push of momentum.

This is the first non-Bitcoin, non-Ethereum cryptocurrency to achieve this level of regulatory scrutiny around an ETF product.

Read More: SEC Puts Grayscale Litecoin ETF on Hold: Key Decision Now Pushed to Late 2025

How a Litecoin ETF Would Work

Two Main Structures: Physical vs. Synthetic ETFs

A Litecoin ETF could come in two possible forms:

Physically Backed ETF: The fund holds real Litecoin in custody. Investors gain exposure to the actual performance of LTC.

Synthetic ETF: The fund uses derivatives (such as futures or swaps) to mimic the price movements of Litecoin. These are less common for crypto assets due to high regulatory scrutiny.

Market Makers and NAV Alignment

To ensure that ETF share prices track Litecoin accurately, market makers—large trading firms—step in to manage supply and demand. They then arbitrage those price differences, making sure the price stays roughly in line with the net asset value (NAV) of the fund.

The NAV is figured by how much the fund holds Litecoin minus any fees, then divided by the total number of outstanding shares in the ETF.

Why Investors Are Watching Closely

Access Without Hassle

A Litecoin ETF makes crypto exposure easily and readily available through regular brokerage accounts (as well as familiar in the case of some). That translates to no private keys, no wallets and no crypto exchanges, all of which can be intimidating to or risky for traditional investors.

Regulation = Legitimacy

Regulated by financial authorities, ETFs offer a level of security and transparency that direct crypto investments often do not provide. This opens the floodgates for institutional money to enter Litecoin.

Liquidity and Diversification

ETFs are traded throughout the day just like stocks, providing liquidity and price transparency. A Litecoin ETF would also serve as a useful tool for diversified portfolios seeking exposure to digital assets outside of Bitcoin and Ethereum.

The $10 Billion Question: How Big Could It Get?

Analysts say approval could unleash billions of dollars in capital flows. Bloomberg Intelligence is projecting the total crypto ETF market to exceed $50 billion of assets under management by the close of 2025 and if Litecoin is one of the first altcoins to achieve this ETF status, then imagine the portion of that pie it would be able to secure.

Litecoin has a total market value of about $7 billion, roughly five times it was in November 2017, so much of an influx of institutional funds of any size could result in whiplash.

Risks and Limitations to Watch

Market Volatility

Cryptocurrency prices are famously volatile, and an ETF doesn’t eliminate that risk. Investors could still see deep price swings, particularly in the midst of broader market sell-offs or crypto-centric events.

Tracking Errors and Management Fees

However, ETFs might not perfectly replicate Litecoin’s performance, for a couple of reasons:

Management fees

Custody costs

Operational expenses

These tracking mistakes can wear away at returns over time, particularly in choppy markets.

Regulatory Uncertainty

Although the filings have been acknowledged by the SEC, it isn’t clear approval will be forthcoming. Decisions could be postponed, modifications requested or proposals rejected over fears of market manipulation, or a lack of surveillance-sharing agreements with crypto exchanges.

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JPMorgan Chase, Bank of America and TD Bank are disclosing data breaches that are placing some customers’ accounts and personal information at risk.

In new filings with the Massachusetts state government, Chase says at least four customers in the state are affected by multiple breaches.

In two incidents, Chase says employees improperly accessed customers’ credit and debit card information and triggered fraudulent transactions, prompting the bank to close the affected cards, issue replacements, and reimburse the customers.

In the other two incidents, the bank says it mistakenly posted transaction details, including names, addresses, account numbers, and transaction amounts, to other customers’ accounts. At this point, no misuse due to those errors has been detected.

Meanwhile, Bank of America says documentation relating to at least one customer’s savings bonds was lost in transit on February 14th.

Attempts to recover the documentation, according to the North Carolina-based lender, have proved unsuccessful.

“According to our records, the information involved in this incident was related to your Savings Bonds and included your first and last name, address, Social Security number, and account number.”

The lender says it is monitoring the customer’s banking account for any suspicious activity and is committed to resolving any unauthorized transactions.

Lastly, TD Bank says a former employee improperly accessed a customer’s personal information between December of 2024 and January of 2025.

The information may have included the customer’s name, address, phone number, social security number, account number, and transactional data.

TD Bank says it’s monitoring the account for fraud and is offering the customer a complimentary two year membership to an identity theft protection and recovery service.

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