#LitecoinETF As of February 21, 2025, there have been significant developments regarding Litecoin (LTC) exchange-traded funds (ETFs):

• Canary Capital filing: On October 15, 2024, Canary Capital filed an S-1 filing with the U.S. Securities and Exchange Commission (SEC) for the first Litecoin ETF. The move aims to provide both individual and institutional investors with direct exposure to Litecoin without the complexity of managing digital wallets. 

• SEC review process: The SEC confirmed Canary Capital’s filing on January 29, 2025, initiating a 240-day review period. This recognition is a crucial step towards potential approval, as it indicates the SEC’s active engagement with the proposal. 

• Grayscale application: Grayscale Investments has applied to convert its existing Grayscale Litecoin Trust (LTCN) into a spot ETF. The SEC accepted this request for review on February 6, 2025, marking another significant milestone in the expansion of Litecoin’s regulated investment products. 

• Market response: Following these developments, the price of Litecoin has seen notable increases. For example, after the SEC acknowledged Canary Capital’s filing, LTC rose 19%, surpassing the $120 mark. 

These developments suggest growing institutional interest in Litecoin and the potential for more accessible investment avenues through ETFs.