#LTC Regulation and Product Innovation: ETF Approval Expectations (Core Favourable Information)

1. Spot ETF is highly likely to be implemented
• Bloomberg analysts have raised the probability of the LTC spot ETF being approved in the second half of 2025 to 95%. If approved, it will attract billions of dollars in institutional funds.
•Timing: The SEC's final decision window is Q4, with market expectations for implementation between October and December, which could become the biggest price catalyst in the fourth quarter①6.
2. Global Regulatory Synergy
•If the US ETF is approved, Canada and the EU may quickly follow suit, creating a cross-market capital inflow channel.