PDAXScope: Litecoin ETFs, SOL boom, BTC optimism for 2025

Litecoin Founder Comments On ETF Approval Following Canary Capital Filing (CoinGape)

Charlie Lee, the founder of Litecoin, spoke positively about ETF prospects for the token in light of Canary Capital's filing for a Litecoin ETF. CoinGape highlighted the daily 2% growth of the Grayscale Litecoin Trust and current trading pump, as shared by Lee alongside his enthusiasm for the growing interest from institutional and retail investors.

Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally (Yahoo Finance/CoinDesk)

Yahoo Finance reported that SOL has been doing very well, noting that the CoinDesk 20 Index listed it as the best-performing asset across the week. It continued to rise even as BTC and ETH took a slight downturn. The ongoing speculative boom of memecoins was likely a strong contributor, thanks to much of their movement built on the Solana network.

Bitcoin forecast to hit $200K by end of 2025: Bernstein Research (Cointelegraph)

An October 22 report by Bernstein Research indicates that BTC could reach as high as US$200K by the end of next year thanks to crypto entering "a new institutional era," Cointelegraph quoted. They also referenced how the research and brokerage firm's signature Black Book supported the idea that BTC miners would "continue to consolidate the industry," an idea underscored by VanEck's Matthew Segel.

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