As reported by Criptonoticias, the Litecoin (LTC) ETF, launched on October 28 by Canary Capital, has shown weak performance in its first month, with minimal or no net inflows on most days. The fund recorded only eight days of capital inflows in nearly a month, including a significant $2 million inflow on November 17, followed by seven consecutive sessions without movement. Analyst Mike Fay noted that Litecoin lacks a compelling narrative or differentiated value proposition to attract investors, unlike Bitcoin (BTC) ETFs, which have gained traction as a store of value. The performance of the Litecoin ETF mirrors that of Ethereum (ETH) ETFs, which also failed to match the success of Bitcoin-based products despite Ethereum's technical strength. The total assets under management for ETH ETFs stand at around $18 billion, far below the $117 billion managed by Bitcoin ETFs.
Litecoin ETF Underperforms in Wall Street, Highlighting Market Selectivity
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